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    AA-Accounts Part B

    Uploaded by

    rajan shukla
    The document contains questions about AA account management. It includes multiple choice questions about updating old product status, attaching periodic attributes, handling broken activity restriction rules, account closure activities, issuing passbooks, managing outside limits, crediting posted interest for 'post no credits' accounts, interest calculation dates, updating online cleared balances, defining online actual balances, recording advance customer notices, eligibility requirements, rule application, fixed vs floating vs margin rates, and defining charge calculation sources.

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    © All Rights Reserved
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    AA-Accounts Part B

    Uploaded by

    rajan shukla
    65 views2 pages
    The document contains questions about AA account management. It includes multiple choice questions about updating old product status, attaching periodic attributes, handling broken activity restriction rules, account closure activities, issuing passbooks, managing outside limits, crediting posted interest for 'post no credits' accounts, interest calculation dates, updating online cleared balances, defining online actual balances, recording advance customer notices, eligibility requirements, rule application, fixed vs floating vs margin rates, and defining charge calculation sources.

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    The document contains questions about AA account management. It includes multiple choice questions about updating old product status, attaching periodic attributes, handling broken activity restriction rules, account closure activities, issuing passbooks, managing outside limits, crediting posted interest for 'post no credits' accounts, interest calculation dates, updating online cleared balances, defining online actual balances, recording advance customer notices, eligibility requirements, rule application, fixed vs floating vs margin rates, and defining charge calculation sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    65 views2 pages

    AA-Accounts Part B

    Uploaded by

    rajan shukla
    The document contains questions about AA account management. It includes multiple choice questions about updating old product status, attaching periodic attributes, handling broken activity restriction rules, account closure activities, issuing passbooks, managing outside limits, crediting posted interest for 'post no credits' accounts, interest calculation dates, updating online cleared balances, defining online actual balances, recording advance customer notices, eligibility requirements, rule application, fixed vs floating vs margin rates, and defining charge calculation sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    AA-ACCOUNTS(2)

    1. When the arrangement moves from old product to new product, status of old product will be
    updated as
    a. PROCESSED
    b. CURRENT
    c. SCHEDULED
    2. Where do we attach the PERIODIC ATTRIBUTE?
    a. PRODUCT
    b. PROPERTY.CLASS
    c. PROPERTY
    d. PRODUCT.CONDITION
    3. When an activity restriction rule is broken, there are 2 options available:
    A. To waive the Interest or Periodic Charge Property amount and apply an alternate Interest or
    Periodic Charge Property if it has been defined.
    B. To waive the Interest or Periodic Charge Property amount and apply an alternate Interest
    Charge Property, if defined.
    C. To apply the actual Interest amount and not to apply alternate Interest
    D. To apply the actual Interest amount and ignore the alternate Interest that has been defined.

    Which are the statement are True?


    a. A and B
    b. A and C
    c. A and D
    d. B and D
    4. Which activity calculates accrued interest and updates the final balance of account as on current
    date and generates the closure bill
    a. REQUEST.CLOSURE-ARRANGEMENT
    b. ACCOUNT.CLOSURE-ARRANGEMENT
    c. CHANGE.CLOSURE-ARRANGEMENT
    d. TAKEOVER-ARRANGEMENT

    5. Passbooks can be issued only when the category of the product is present in SAVINGS record of
    a. ACCOUNT.CLASS
    b. ACCOUNT.PARAMETER
    c. ACCT.GEN.CONDITION
    d. TELLER.PASSBOOK

    6. Which activity is used to manage the limit outside by AA


    a. ACCOUNTS-DELIMIT-ARRANGEMENT
    b. ACCOUTS-DECOUPLE-ARRANGEMENT
    c. ACCOUNTS-DECOUPLE-LIMIT

    7. If an account arrangement has setp as POST NO CREDITS , but it allows to credit the interest
    posted by the bank
    a. True
    b. False
    8. Which date is used for the calculation of the Interest purpose
    a. Value Date
    b. Booking Date
    c. Exposure Date
    d. Trade Date
    9. A transaction will be inputted for an account then the unauthorized debit entries will be
    updated in Online Cleared Balance
    a. True
    b. False
    10. Which one is true for Online Actual Balance
    a. Values of all the authorized entries over the Account
    b. Online balance and credit entries with future exposure date
    c. Values of cleared balances and unauthorized debit entries

    11. Which field is used to record advance notice from customer


    a. NOTICE.CUSTOMER
    b. NOTICE.WITHDRAWAL
    c. NOTICE.ACCOUNT
    d. NOTICE.BALANCE
    12. Eligibility requirement for product apply to “Customer and financial related products”
    a. True
    b. False
    13. Which are the application used to upload the Rule designed in the Rule engine
    a. EB.RULE, EB.RULE.ENGINE, EB.RULES.VERSION
    b. EB.RULE, EB.RULE.ENGINE, EB.CONTEXT
    c. EB.RULE,EB.RULE.CONTEXT, EB.RULES.VERSION
    d. EB.RULE,EB.CONTEXT, EB.RULES.VERSION
    14. Which statement is true?
    a. FIXED.RATE - A fixed rate is updated by interest calculated routine
    b. FLOATING.RATE - A floating interest rate is tied to a fixed base rate
    c. MARGIN.RATE - A margin rate is a spread that can be used to adjust the specified rate of
    interest and to appropriately reflect any rate profit realized. The result is the nominal rate of
    interest.

    15. In the Charge Product Condition, you can define either a flat charge or a calculated charge
    depending on a balance type specified in _________AA.SOURCE.CALC.TYPE_______________

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