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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)
A) spot
B) Non Deliverable Forward
C) forward
D) cash
2. 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 Contract Schedule
B) Money Market Value Dated Amendment
C) Money Market Rollover
D) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
3. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)
A) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
B) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
C) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
D) Change of operation from collection to discount is supported only for LC-based transactions.
4. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)
A) Confirmation of the LC removes all discrepancies in the documents submitted.
B) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
C) Confirmation of the LC ensures that the goods that are exported are of very high quality.
D) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
5. 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 system liquidates based on the product-level parameters.
B) The system liquidates based on the contract-level parameters.
C) The liquidation does not take place.
D) The user liquidates the deal manually by invoking the payment screen.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |






