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

1. A bank has entered into a foreign exchange forward contract with an exporter This forward exchange rate needs to be picked up by the system for all export bills handled for this exporter Which option satisfies this requirements (Choose the best answer.)

A) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate
B) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract
C) Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.
D) Create a separate bill product and foreign exchange product for handling this requirement

2. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT760
B) MT710
C) MT700
D) MT734

3. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) written down value
B) activity depreciation method D sum of digits depreciation method
C) straight line method

4. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) written down value
B) accelerated cost recovery
C) group depreciation method
D) straight line method

5. 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) standing collection orders
D) sweep out transaction ons

Solutions: