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

1. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
B) Money Market Value Dated Amendment
C) Money Market Rollover
D) Money Market Contract Schedule

2. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The liquidation does not take place.
B) The user liquidates the deal manually by invoking the payment screen.
C) The system liquidates based on the contract-level parameters.
D) The system liquidates based on the product-level parameters.

3. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

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

4. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) three
B) four
C) five
D) unlimited

5. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant and the advising bank
B) the applicant and the issuing bank
C) the applicant, the beneficiary, and the advising bank
D) the applicant, the beneficiary, and the issuing bank

Solutions: