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

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

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

2. 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) outgoing payment
C) incoming direct debit

3. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the confirming bank
B) the collecting bank
C) the paying bank
D) the advising bank

4. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the issuing bank
B) the applicant and the issuing bank
C) the applicant, the beneficiary, and the advising bank
D) the applicant and the advising bank

5. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

A) notice
B) fixed
C) call
D) floating

Solutions: