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

1. Which statement is true about the Confirmation Tracer? (Choose the best answer)

A) it is a reminder sent to an issuing bank, seeking a letter of confirmation.
B) ft is a reminder sent to a beneficiary, seeking a letter of confirmation.
C) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation
D) His a reminder sent to a confirming bank, seeking a letter of confirmation.

2. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TDIS event and PAYMNTFATE_TRCR advice
B) TPFT event and RESERVE_RELEASE advice
C) TPFT event and PAYMNTFATE_TRCR advice
D) TDIS event and DISCAPPRVLJRCR advice

3. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) User defines accounting entries on the Value Date.
B) it does not pass accounting entries on the day of booking the contract.
C) it does not book future dated accounting entries.
D) it passes accounting entries on the day of booking the contract.

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

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

5. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) within five working days
B) after obtaining confirmation from the LC issuing bank
C) immediately
D) within two working days

Solutions: