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

1. Which two are possible matching types for reconciliation? (Choose two.)

A) confirmed
B) identical
C) replicated
D) suggested

2. What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)

A) rejected D recalled
B) closed
C) settled

3. 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) His a reminder sent to a confirming bank, seeking a letter of confirmation.
D) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation

4. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Minimum
B) Maximum
C) Minimum, Maximum, and Standard
D) Standard

5. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A) Contract Value Date = January 1, 2014; Option Date = January 15.2014
B) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
C) Contract Value Date = October 31.2014; Option Date = October 31.2014
D) Contract Value Date = December 31. 2014; Option Date = December 25, 2014

Solutions: