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

1. For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)

A) Amt_Equiv for both the legs
B) Trf_Amt and Amt_Equiv, respectively
C) Trf_Amt for both the legs
D) Amt_Equiv and Trf_Amt, respectively

2. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level

3. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on whether the customer account is Savings or Current.
B) it depends on the currency being purchased.
C) The account is debited.
D) The account is credited.

4. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) indicate whether the matching type is Mirroring or Replication.
B) Match rule sequence is insignificant
C) Incorporate many rules into a class.
D) Define the external account.

5. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as a reimbursing bank
B) when the bank acts as an issuing bank
C) when the bank acts as an advising bank
D) when the bank acts as a claiming bank

Solutions: