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

1. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Spot Date
B) Value Date
C) Booking Date
D) Amend Date

2. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by amending the UDE value on the Value Dated Amendment screen
B) by changing the interest rate on the UDE values screen
C) by unlocking the loan account and changing the value on the Interest tab
D) by changing the rate value in Loan Account UDEs

3. During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)

A) by enabling the overdraft facility
B) by enabling cash GL (General Ledger) posting
C) by enabling track receivable
D) by enabling auto liquidation

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

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

5. Which two are possible matching types for reconciliation? (Choose two.)

A) suggested
B) replicated
C) identical
D) confirmed

Solutions: