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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)
A) Standard
B) Minimum, Maximum, and Standard
C) Maximum
D) Minimum
2. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)
A) Create different products for each of the X variants.
B) Such a product code cannot be defined without code changes
C) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
D) Create different Rate Codes for each of the X periods
3. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.
A) by unlocking the loan account and changing the value on the Interest tab
B) by amending the UDE value on the Value Dated Amendment screen
C) by changing the interest rate on the UDE values screen
D) by changing the rate value in Loan Account UDEs
4. What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)
A) rejected D recalled
B) closed
C) settled
5. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)
A) The suggested entires can be modified.
B) The suggested entries can be confirmed.
C) The suggested entries can be rejected.
D) The suggested entries cannot be rejected.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B,C |


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