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

1. 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.

2. 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

3. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A) nil
B) one
C) two
D) as many as possible

4. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
B) Unlock the bill contract and select the "stop tracer option.
C) Select the "auto tracer stop' option at the Bill product level.
D) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.

5. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and RESERVE_RELEASE advice
B) TDIS event and DISCAPPRVLJRCR advice
C) TPFT event and PAYMNTFATE_TRCR advice
D) TDIS event and PAYMNTFATE_TRCR advice

Solutions: