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

1. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) it depends on the currency being purchased.

2. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) activity depreciation method D sum of digits depreciation method
B) straight line method
C) written down value

3. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) cash
B) Non Deliverable Forward
C) forward
D) spot

4. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Maximum
B) Minimum
C) Minimum, Maximum, and Standard
D) Standard

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

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

Solutions: