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

1. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the paying bank
B) the collecting bank
C) the confirming bank
D) the advising bank

2. 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

3. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
B) Retail Teller product screen
C) Till and Vault maintenance screen in Branch Parameters
D) ARC maintenance screen

4. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a customer of a bank depositing a cheque into the bank's GL account
B) a bank depositing a cheque given by a customer of the bank into its own account
C) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account

5. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A) invoice
B) transport
C) certificates
D) insurance
E) packing list
F) others
G) drafts

Solutions: