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

1. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the debit account that should trigger the sweep
B) balance in the credit account that should trigger the sweep
C) minimum sweep amount
D) amount to be swept i n

2. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT742
B) MT740
C) MT752
D) MT747

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

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

4. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) Net Present Value
B) straight line
C) rebate
D) redonimation

5. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) Export LC
B) Clean LC
C) import LC
D) Standby Guarantee

Solutions: