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

1. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a customer of a bank depositing a cheque into the bank's GL account
B) a bank depositing a cheque given by a customer of the bank into its own account
C) 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

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) standing collection orders
C) variable payment orders
D) sweep out transactions

3. 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) 1
B) equal to the original cost of the new asset of the same type
C) almost 0
D) o

4. 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) Guarantee
D) Letter of Credit

5. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) nn
B) n/n
C) n
D) nn/n

Solutions: