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

1. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) after obtaining confirmation from the LC issuing bank
B) immediately
C) within five working days
D) within two working days

2. 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) settled
B) rejected D recalled
C) closed

3. 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 cannot be rejected.
D) The suggested entries can be rejected.

4. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Branch Level parameter
B) in the foreign exchange Products Level parameter
C) in the Currency Level parameter
D) in the Bank Level parameter

5. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) redonimation
B) rebate
C) Net Present Value
D) straight line

Solutions: