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

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

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

2. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the issuing bank
B) the applicant and the advising bank
C) the applicant, the beneficiary, and the advising bank
D) the applicant and the issuing bank

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

A) 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
B) 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.
C) 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.
D) 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.

4. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) cash
B) forward
C) spot
D) Non Deliverable Forward

5. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A) one
B) as many as possible
C) nil
D) two

Solutions: