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

1. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) nn/n
B) n
C) n/n
D) nn

2. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
B) Such a product code cannot be defined without code changes
C) Create different products for each of the X variants.
D) Create different Rate Codes for each of the X periods

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

4. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming payment C outgoing direct debit
B) incoming direct debit
C) outgoing payment

5. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) forward
B) Non Deliverable Forward
C) spot
D) cash

Solutions: