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

1. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Currency Pair Definition screen for USD
B) as per the Spot days maintained on the Branch Parameters screen
C) as per the Spot days maintained on the Currency Definition screen for USD
D) as per the Spot days maintained on the Bank Parameters screen

2. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Usance payment LC
B) Standby LC
C) Secured LC
D) Shipping Guarantee
E) Reimbursement type LC

3. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) import LC
B) Standby Guarantee
C) Export LC
D) Clean LC

4. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Currency Level parameter
B) in the Branch Level parameter
C) in the Bank Level parameter
D) in the foreign exchange Products Level parameter

5. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) February 28, 2014
B) None. LCs cannot revolve in time.
C) March 2. 2014
D) March 1.2014

Solutions: