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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. 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) Indemnity
B) Deposits
C) Letter of Credit
D) Guarantee
2. A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)
A) standing payment orders
B) variable payment orders
C) standing collection orders
D) sweep out transactions
3. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)
A) Fixed Asset and Expense Processing
B) Fixed Asset and Teller
C) Fixed Asset and Allocation
D) Fixed Asset and Asset Management
4. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)
A) the confirming bank
B) the paying bank
C) the collecting bank
D) the advising bank
5. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)
A) almost 0
B) equal to the original cost of the new asset of the same type
C) 1
D) o
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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