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

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

3. 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) Letter of Credit
B) Guarantee
C) Deposits
D) Indemnity

4. A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)

A) standing payment orders
B) variable payment orders
C) sweep out transactions
D) standing collection orders

5. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple disbursement schedules
B) adjustment entries
C) suspense entries
D) multiple modes of settlement

Solutions: