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

1. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT747
B) MT740
C) MT752
D) MT742

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

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

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

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

4. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A) daily
B) annually
C) weekly
D) monthly

5. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A) Define the charge as an UDE and link it at the Installment level status change
B) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
C) Define the charge as a component at the Product Component Class level and link it at the Account level status change.
D) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.

Solutions: