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

1. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT760
B) MT700
C) MT734
D) MT710


2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on the currency being purchased.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) The account is debited.


3. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) A new operation "forfaiting11 has been introduced at the product level
B) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
C) A separate menu operation for forfaiting is introduced that can be mapped to a bill product
D) Forfaiting is allowed as a new operation at the Bill Contract level.


4. 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 confirmed.
C) The suggested entries cannot be rejected.
D) The suggested entries can be rejected.


5. Select two true statements about Liquidation mode. (Choose two.)

A) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
D) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: B,D
Question # 5
Answer: A,D

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