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

1. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A) one
B) as many as possible
C) two
D) nil

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

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

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

4. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) it does not pass accounting entries on the day of booking the contract.
B) it does not book future dated accounting entries.
C) User defines accounting entries on the Value Date.
D) it passes accounting entries on the day of booking the contract.

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

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

Solutions: