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

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

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

2. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) n/n
B) nn
C) n
D) nn/n

3. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Cost, Insurance, and Freight (CIF)
B) Cost and Freight (CFR)
C) Free on Board (FOB)
D) Free Alongside Ship (FAS)

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

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

5. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the credit account that should trigger the sweep
B) balance in the debit account that should trigger the sweep
C) minimum sweep amount
D) amount to be swept i n

Solutions: