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

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

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

2. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Commodity Code maintenance
B) Documents maintenance
C) Merchandise code maintenance
D) INCO terms maintenance

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

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

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

5. What does starting a customer session enable a bank user to do? (Choose the best answer.)

A) Automatically get a customer's customer number and account details in transactions.
B) Demonstrate the bank's offerings to customers in simulated mode.
C) Display various interest rates to a customer.
D) Record customer requests and complaints in the system.

Solutions: