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

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

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

2. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) ad hoc
B) combination of rule-based and ad hoc
C) activity depreciation
D) rule-based

3. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account
B) a customer of a bank depositing a cheque into the bank's GL account
C) a bank depositing a cheque given by a customer of the bank into its own account

4. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are automatically authorized on upload.
B) The transactions are automatically directed to a referral queue
C) The transactions are rejected
D) The transactions must be manually authorized.

5. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) written down value
B) activity depreciation method D sum of digits depreciation method
C) straight line method

Solutions: