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

1. Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)

A) it is possible to enable the back-to-back flag only for an export LC.
B) An export LC can be linked to only one import LC.
C) All active and authorized export LCs are available for linkage, irrespective of different counter parties.
D) Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.

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

3. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) five
B) four
C) unlimited
D) three

4. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT752
B) MT740
C) MT742
D) MT747

5. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) it does not book future dated accounting entries.
B) it passes accounting entries on the day of booking the contract.
C) User defines accounting entries on the Value Date.
D) it does not pass accounting entries on the day of booking the contract.

Solutions: