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

1. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) group depreciation method
B) written down value
C) accelerated cost recovery
D) straight line method

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

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

3. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDCONOL
B) BCDCONON
C) BCDTRONL
D) BCDTRNON

4. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the issuing bank
B) the applicant, the beneficiary, and the advising bank
C) the applicant and the advising bank
D) the applicant and the issuing bank

5. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
C) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
D) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.

Solutions: