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

1. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
B) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
C) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
D) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)

2. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Spot Date
B) Amend Date
C) Value Date
D) Booking Date

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

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

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

5. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) receiver
B) ordering i institution
C) Product Code
D) Rate as of Date

Solutions: