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

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

3. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Cost, Insurance, and Freight (CIF)
B) Free on Board (FOB)
C) Cost and Freight (CFR)
D) Free Alongside Ship (FAS)

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

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

Solutions: