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

1. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Indemnity
B) Deposits
C) Letter of Credit
D) Guarantee

2. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a bank depositing a cheque given by a customer of the bank into its own account
B) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account
C) a customer of a bank depositing a cheque into the bank's GL account

3. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions must be manually authorized.
B) The transactions are automatically authorized on upload.
C) The transactions are automatically directed to a referral queue
D) The transactions are rejected

4. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) Collection liability
B) Acceptance liability
C) LC liability
D) Bill liability

5. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

A) Fixed Asset and Teller
B) Fixed Asset and Allocation
C) Fixed Asset and Asset Management
D) Fixed Asset and Expense Processing

Solutions: