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

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

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

2. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) within five working days
B) after obtaining confirmation from the LC issuing bank
C) within two working days
D) immediately

3. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as an issuing bank
B) when the bank acts as a claiming bank
C) when the bank acts as a reimbursing bank
D) when the bank acts as an advising bank

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 entries cannot be rejected.
B) The suggested entries can be rejected.
C) The suggested entires can be modified.
D) The suggested entries can be confirmed.

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

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

Solutions: