Which statements are true in regards to Change Class?
A) Different Association, Application and Liquidation events will be available.
B) Different Basic Amount Tags will be available.
C) Different Third-Party Types will be available.
D) Different User-Defined Fields will be available.
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When is the "Year-end P/L Account" (specified at the Bank level) used?
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In which depreciation method does the depreciation amount specified by the bank on a fixed asset does not remain constant throughout that asset’s useful life?
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An MM Borrowing contract has been created. The contract value date is 0l-Jan-2010 and maturity date is 31-Mar-2010. The customer has approached the bank and requested for an extension of the contract with a maturity date of 02-Apr-2010. From which screen of the MM module, can the extension of this contract be performed?
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What is true about Dormancy Days in Account Class?
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In which conventions is currency rounded?
A) Truncate
B) Round Up
C) Round Down
D) All the above
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A bank has ICCF Rule implemented to collect its processing charges, but due to regulation changes now it can no longer levy these charges on the transactions. What changes are required in Oracle FLEXCUBE to implement new requirement?
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Which can be restricted for a facility?
A) Customers
B) Branches
C) Products
D) Currencies
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Oracle FLEXCUBE Branch Teller can perform multiple operations using the DD Teller screen. Which are valid Teller DD operations?
A) DD issue against GL
B) DD issue against Walkin
C) DD liquidation against GL
D) DD sale against account
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Which definitions does Bank Parameter Maintenance allow?
A) Account Class Mask Definition
B) CIF Mask Definition
C) Product Mask Definition
D) GL Mask Definition
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Oracle FLEXCUBE supports Special Rollover. The SROL event code gets triggered while initiating Special Rollover. Which events unfold when the Special Rollover is triggered?
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In Oracle FLEXCUBE, every document that is required to be maintained is identified by a unique code called the Document Code. Which classification of the document can be maintained?
A) Transport
B) Insurance
C) Invoice
D) Others
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Which statements are true about Floating Interest Rate?
A) Floating Interest Rate has Effective Data associated with it.
B) Floating Interest Rate can be defined for a branch.
C) Floating Interest Rate has Currency associated with it.
D) Customer Group-specific Floating Interest Rate can be defined.
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In Collateral Maintenance, what is the functionality of the "Sharing Required" option?
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Which project implementation phases are not applicable in case of a Oracle FLEXCUBE implementation at a greenfield bank?
A) PWTB) UAT
C) Data Conversion
D) Parallel run
E) Database design
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Which three statements are correct regarding a Funds Transfer Product?
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Which two types of Customer-to-liability linkage are supported in the system?
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Which statements are true about Holiday Maintenance in Oracle FLEXCUBE?
A) Oracle FLEXCUBE supports Head Office-level Local Holiday Maintenance and the same is applicable to all branches reporting to the Head Office.
B) Oracle FLEXCUBE supports Regional Office-level Local Holiday Maintenance and the same is applicable to all branches reporting to this Regional Office.
C) Oracle FLEXCUBE supports Branch-level Local Holiday Maintenance.
D) Oracle FLEXCUBE supports Currency Holiday Maintenance from Head Office only.
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Which components are defined while customizing the product in Oracle FLEXCLUBE?
A) ICCF
B) MIS
C) Role-to-Head Mapping
D) Revaluation
E) Accounting Periods
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What is true about the CD module in Oracle FLEXCUBE?
A) You can manually roll over a Corporate Deposit at the contract level, even if Rollover is not allowed at the product level.
B) A corporate deposit can be created with the manual liquidation option selected, even if Auto Liquidation is set at the product level.
C) Only corporate type of customers are allowed to open a Corporate deposit.
D) Prepayment of PRINCIPAL is not allowed in Corporate Deposits as it constitutes a violation of the contract.
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Oracle FLEXCUBE offers an Inbuilt and automatic linkage between various modules. Identify the correct linkage applicable to the Fixed Assets (FA) module.
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The End of Day (EOD) batch operation in Oracle FLEXCUBE is set up for the respective branches. There are different stages during the EOD Batch Process such as:
A) Financial Reports Generation for the Branch
B) End of Day
C) End of Financial Input
D) End of Transaction Input
E) Post EOTI Batches
F) BOD Batches
G) Date Change
H) Transaction Input Which represents the correct sequence for running EOD batch operation and taking Branch to Next Business day?
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In the Chart of Account Summary screen, a user needs to search a chart of account. However, the only search criterion available to the user is a part of the General Ledger description, which is “courier.” The user, therefore, has to use a “wildcard” to search for the required Chart of Account. Which is the wildcard that is supported by the system?
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Which statement is true when the schedule type for a corporate deposit is capitalized?
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Which three relationship categories can be maintained through relationship maintenance?
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A bank has purchased 25 computers. The bank needs to book these as assets and also specify the depreciation type for them. Which two depreciation types can the bank choose from?
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Which GL type should be created for Intraday Posting GL?
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How many user-defined fields can be embedded in a CIF screen?
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What are the functionalities of the Sign Off and Exit buttons?
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Which statements are true about Limits Revaluation in Oracle FLEXCUBE?
A) Limits Revaluation is done online as and when the Currency Exchange Rate changes.
B) Limits Revaluation is done as part of the EOD Batch Process.
C) Limits Revaluation Accounting entries are posted in the Limits Currency.
D) Limits Revaluation Accounting entries are posted in the Branch Local Currency.
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For a Debit Interest Product "DRIN" with monthly liquidation, the "Back-valued recalc" check box is selected. A rate "RATE01", used in the interest calculation, is maintained as follows: Eff Date Rate% l-Jan-08 4 l-Feb-08 4.1 If today's date is 18-Feb-08 and the rate against l-Jan-08 is modified to 4.05, then what does the system do?
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Which three preferences are available at the Account class level?
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A bank follows 01-Jan to 31-Dec as Accounting Cycle and follows Period Codes Jan, Feb,...till Dec. Which statement is true about Period Codes maintenance in Oracle FLEXCUBE?
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Which three conditions must be satisfied to effect netting contracts?
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Which statement is true about Revaluation?
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What does Settlement Instruction maintenance in FT Module refer to?
A) defining the Settlement Account for the Sender Bank which will be used as Debit Account in case of Incoming Fund Transfer.
B) defining the Credit Account for the Branch, Product and Currency combination which will be used as Credit Account in case of Outgoing Fund Transfer.
C) defining the Routing Bank Information for the Receiver selected in the FT Contract Input and using the same in the Contract settlement.
D) Settlement Instruction used only in Internal Fund Transfer.
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What is the formula for determining the Exchange Rate that is to be applied to a crosscurrency transaction?
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What is the maximum number of retries allowed for Partial Liquidation action?
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Which three account types can be opened through an Account Class?
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Product Parameterizations the basis for creation of:
A) Gold Copy Environment
B) Play Data Environment
C) Gold Copy and Data Migration Data for UAT
D) Gold Copy and Final Migration Data for Go-Live
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What are the Settlement Bridge GLs used for?
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Oracle FLEXCUBE supports Multi Credit Transfer using Funds Transfer Module. Which features are part of Multi Credit Transfer?
A) Message is sent as MT 102 and MT203.
B) Maximum of 10 Contracts can be consolidated under a multicredit reference number.
C) Consolidated accounting reference number is to be entered by the user.
D) Field Multi Credit Transfer should be enabled at the Product and Branch level.
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When a product is created under CL, which components get populated by default?
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A single vendor provides multiple services to the bank but different expense heads need to be changed. How is this achieved?
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Oracle FLEXCUBE allows the match status to be Open, Suggested, or Closed. Which of these are true for a Suggested match status?
A) The suggested entries will be allowed for modification.
B) The suggested record will be allowed for confirmation.
C) The suggested entries' record can be rejected.
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Which screen is used to enable/disable Password Expiry Notification?
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Which statements are true for User Role Maintenance?
A) User Roles can be deleted before the first authorization.
B) User Roles can be closed post-first authorization.
C) User Roles can be deleted any time.
D) User Roles contain list of Users and their corresponding Roles.
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For a Charge Product with basis as Turnover, maintenance is done for charge amount given as follows:
Slab Tier Charge Rate 10,000 0.5%
25,000 1.5%
50,000 2.5%
If the turnover for an account is 33,000, which one is true?
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Which product type should be selected for setting up for utility bill payments?
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Which two statements are true regarding Vendor Maintenance?
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What does Dispatch Accounting Parameter set-up in PC Module Maintenance refer to?
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Which elements correspond to the System Data Element?
A) Value Dated Balance
B) Interest Day Basis from Currency Definition
C) Interest Rate defined
D) Interest Product Preference
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Which two operations will cause the system to transfer the Facility amount back to the original line?
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Roles are assigned to users. What type of relationship can a role and a user have in the system?
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Under which screen are the standard set of vendors in Expense Processing Contract maintained?
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Which statement defines the term Time Level during EOD operation?
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Which maintenance is used to maintain accounting and charge details for combinations of product, customer, branch, and currency that will be applicable for Retail Teller noninstrument transactions?
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Asset details captured using the Fixed Asset Capture screen. Keeping track of the status of the assets is also possible. In which screen is information about a Delivered Asset but not Inspected will be available?
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A home loan is given at 10% fixed rate. The rate has to be increased to 11%. How is this done in the system?
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A bank owns 50 computer tables whose useful life has been set as 20 years; the depreciation method has been set as SLM. The bank wants to determine the residual value of these tables at the end of their useful life. What is the residual value?
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During the process of maintaining ICCF rules, the system checks for application of General rules (all branches, all currencies, and so on) and Specific rules (particular branch currencies and so on). Select the checks and the correct order in which they are done.
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Oracle FLEXCUBE terminology, what do Product and Contract denote, respectively?
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Where is the Routing mask (for clearing transactions) defined?
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The Interest, Oracle Commission, and Fees are handled using the ICCF Rule definition in Oracle FLEXCUBE. Which statements are true about ICCF?
A) Branch-specific ICCF is supported in Oracle FLEXCUBE
B) Customer Group specific ICCF a supported in Oracle FLEXCUBE
C) Currency-specific ICCF is supported in Oracle FLEXCUBE
D) Country-specific ICCF is supported in Oracle FLEXCUBE
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What is possible regarding Ear Marking?
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What is the purpose of the "SI" button on the CIF screen?
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A bank has entered into a USD Spot Deal with a customer on Monday, January 15 and there are no holidays during the week. On which date will the transaction be settled in the system?
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Oracle FLEXCUBE has a modular architecture. A bank is replacing its old legacy system with Oracle FLEXCUBE. The bank currently uses Payments facilities only. It has a roadmap to support Trade Finance module after one year. Which statements are true regarding implementing Oracle FLEXCUBE?
A) The bank has to implement all modules available in Oracle FLEXCUBE at the time of Go-Live.
B) The bank can go live with Payments-related modules only.
C) The bank can implement Trade Finance modules after one year on top of Paymentsrelated modules by doing delta product parameterization for the Trade Finance modules.
D) Bank can go live with Payments and Trade Finance modules. It will not be possible to plug in Trade Finance module post Go- live.
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An interest rule, CRIN, has a UD? called RATE, with the following attributes: Floating rate RATE0l for product CRIN Account class ACCLASS1 Currency is USD Also, product CRIN has monthly liquidation, at the end of month, and daily accrual. Valid rates for RATE01 for USD are maintained as follows: Eff Date Rate 01-Jan-08 4% 15-Jan-08 4.5% If today's date is 10-Jan-08 and the maintenance for l5-Jan-08 is closed today, what is true regarding interest calculation by the system?
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A new User ID called TESTUSER was created. However, the Maker (the one who created the ID) deleted this User ID before it was authorized. Later, he/she realizes that the deleted record is needed. Which should the Maker do to get back the deleted ID?
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What happens if a contract is marked for autoliquidation and the liquidation day turns out to be a holiday?
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A customer has two savings accounts ACC1 and ACC2. This customer has requested that interest should be computed in the respective accounts ACC1 and ACC2 but interest liquidation should happen only in the single account ACC2. How will this be implemented in Oracle FLEXCUBE?
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The FX deals are revalued at the forward rate for the period from the revaluation date to the contract maturity date and the revaluation amount is adjusted for the present value. Which revaluation method has this characteristic?
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There can be Overage or Shortage of Cash while performing Retail Teller transactions. A bank can specify in which GL the Overage or Shortage should be booked by the teller. The Overage or Shortage GL can be maintained under which screen?
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What would be the outcome if an Outgoing Request for Debit is approved?
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