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

1. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) o
B) almost 0
C) 1
D) equal to the original cost of the new asset of the same type

2. 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

3. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Sweep (in and out)
B) Payment
C) Collection
D) Variable Payment

4. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to sell cash and travelers' cheques
B) to buy only cash
C) to sell only cash
D) to buy cash and travelers' cheques

5. What does starting a customer session enable a bank user to do? (Choose the best answer.)

A) Record customer requests and complaints in the system.
B) Display various interest rates to a customer.
C) Demonstrate the bank's offerings to customers in simulated mode.
D) Automatically get a customer's customer number and account details in transactions.

Solutions: