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

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

3. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Bank Parameter
B) Money Market Product
C) Money Market Branch Parameter
D) Money Market Contract

4. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
B) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.

5. 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

Solutions: