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

1. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) rollover
B) partial payment
C) limits tracking
D) cancellation

2. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Bank Parameter
B) Money Market Branch Parameter
C) Money Market Contract
D) Money Market Product

3. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 2. 2014
B) March 1.2014
C) None. LCs cannot revolve in time.
D) February 28, 2014

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

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

Solutions: