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

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

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

2. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A) Define the charge as a component at the Product Component Class level and link it at the Account level status change.
B) Define the charge as an UDE and link it at the Installment level status change
C) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
D) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.

3. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) group depreciation method
B) straight line method
C) written down value
D) accelerated cost recovery

4. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A) annually
B) weekly
C) daily
D) monthly

5. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDCONON
B) BCDTRONL
C) BCDCONOL
D) BCDTRNON

Solutions: