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When is the "Year-end P/L Account" (specified at the Bank level) used?

A. when a particular GL is closed

B. when the GL to which year-end balances should be posted is not specified in Accounts

C. when all year-end transactions pertaining to Memo GL are to be posted

D. when previous year adjustment entries are to be posted

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?

A. Amend the respective products and select the "Stop Application" flag in the Charge Definition screen.

B. Unlock the ICCF Rule and delink all the attached products.

C. Reverse the ICCF Rule.

D. Delete the ICCF Rule.

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?

A. The system applies 4.1 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.

B. The system applies 4.1 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.

C. The system applies 4.05 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.

D. The system applies 4.05 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.

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

A. A, B, C and D

B. A, B and C

C. A, C and D

D. B, C and D

A single vendor provides multiple services to the bank but different expense heads need to be changed. How is this achieved?

A. Separate contracts have to be created whenever different expense heads are charged.

B. This can be achieved by using the Contract Level Expense GLs feature.

C. This has to be managed manually.

D. A vendor is maintained in the system and different GLs are mapped to this vendor.