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

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

2. 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) LC liability
B) Acceptance liability
C) Collection liability
D) Bill liability

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

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

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

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

Solutions: