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Updated: May 31, 2026
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)
A) acceptance to advance
B) acceptance to purchase
C) acceptance to forfeiting
D) acceptance to discount
2. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)
A) LC liability
B) Collection liability
C) Acceptance liability
D) Bill liability
3. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)
A) transport
B) packing list
C) invoice
D) certificates
E) others
F) insurance
G) drafts
4. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)
A) daily
B) weekly
C) monthly
D) annually
5. 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 Rate Codes for each of the X periods
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 products for each of the X variants.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A,C,E,F | Question # 4 Answer: A,C | Question # 5 Answer: C |
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