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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

A) standing payment orders
B) variable payment transactions
C) sweep out transaction ons
D) standing collection orders

2. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDCONOL
B) BCDTRONL
C) BCDCONON
D) BCDTRNON

3. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A) Create different Rate Codes for each of the X periods
B) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
C) Create different products for each of the X variants.
D) Such a product code cannot be defined without code changes

4. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the confirming bank
B) the paying bank
C) the collecting bank
D) the advising bank

5. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Merchandise code maintenance
B) Commodity Code maintenance
C) INCO terms maintenance
D) Documents maintenance

Solutions: