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

1. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) ARC maintenance
B) Function Group detail
C) Transaction Code maintenance
D) Function Workflow definition detail

2. 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) MT752
C) MT742
D) MT740

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

4. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by changing the interest rate on the UDE values screen
B) by unlocking the loan account and changing the value on the Interest tab
C) by changing the rate value in Loan Account UDEs
D) by amending the UDE value on the Value Dated Amendment screen

5. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to buy cash and travelers' cheques
B) to sell only cash
C) to buy only cash
D) to sell cash and travelers' cheques

Solutions: