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

1. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) Match rule sequence is insignificant
B) Define the external account.
C) indicate whether the matching type is Mirroring or Replication.
D) Incorporate many rules into a class.

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

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

3. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) ad hoc
B) combination of rule-based and ad hoc
C) activity depreciation
D) rule-based

4. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple disbursement schedules
B) suspense entries
C) multiple modes of settlement
D) adjustment entries

5. 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 Rollover
C) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
D) Money Market Value Dated Amendment

Solutions: