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

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

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

2. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entires can be modified.
B) The suggested entries can be rejected.
C) The suggested entries cannot be rejected.
D) The suggested entries can be confirmed.

3. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and PAYMNTFATE_TRCR advice
B) TDIS event and PAYMNTFATE_TRCR advice
C) TDIS event and DISCAPPRVLJRCR advice
D) TPFT event and RESERVE_RELEASE advice

4. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) almost 0
B) o
C) equal to the original cost of the new asset of the same type
D) 1

5. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Minimum, Maximum, and Standard
B) Maximum
C) Standard
D) Minimum

Solutions: