Oracle FLEXCUBE 1z0-415

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

1. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) three
B) five
C) four
D) unlimited

2. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Deposits
B) Letter of Credit
C) Guarantee
D) Indemnity

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

4. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) LC liability
B) Bill liability
C) Acceptance liability
D) Collection liability

5. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) Till and Vault maintenance screen in Branch Parameters
B) Retail Teller product screen
C) ARC maintenance screen
D) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE

Solutions: