FTCORE_001 Finacle Core Ver.10.2 Advanced Technical Exam
Q1. Which feature best describes Finacle 10.2’s approach to real-time transaction processing?
- It processes transactions in batches once a day
- It supports continuous, real-time posting
- It delays transactions until month-end
- It only processes local transactions
Correct Answer: B) It supports continuous, real-time posting
Explanation: Finacle 10.2 is designed for real-time, continuous processing of transactions.
Q2. Which architectural model does Finacle 10.2 primarily use?
- Peer-to-peer
- Monolithic local server
- Client-server model
- Grid computing
Correct Answer: C) Client-server model
Explanation: Finacle 10.2 operates on a client-server model to handle requests between clients and servers.
Q3. Which module in Finacle 10.2 deals with deposit and withdrawal operations?
- CRM module
- Core Banking module 1 / 4
FTCORE_001 Finacle Core Ver.10.2 Advanced Technical Exam
- Analytics module
- Treasury module
Correct Answer: B) Core Banking module
Explanation: The Core Banking module manages the essential deposit and withdrawal transactions.
Q4. Which statement is true about Finacle’s Web Services Architecture?
- It cannot integrate with external systems
- It uses HTTP-based APIs for integration
- It only supports local database calls
- It does not support SOAP or REST
Correct Answer: B) It uses HTTP-based APIs for integration
Explanation: Finacle 10.2 leverages web services (SOAP/REST) to integrate with external services.
Q5. How does Finacle 10.2 handle high availability?
- Through a single server deployment
- By using redundant servers and clustering
- By performing backups once a week
- By storing data on local PCs 2 / 4
FTCORE_001 Finacle Core Ver.10.2 Advanced Technical Exam
Correct Answer: B) By using redundant servers and clustering
Explanation: Finacle 10.2 achieves high availability using server clustering and failover strategies.
Q6. Which database management system is commonly used with Finacle 10.2?
- MySQL Community Edition
- Oracle or MS SQL
- MongoDB
- PostgreSQL only
Correct Answer: B) Oracle or MS SQL
Explanation: Finacle 10.2 typically runs on enterprise-grade databases like Oracle or MS SQL.
Q7. What is the main advantage of performance tuning in Finacle?
- It makes the user interface colorful
- It reduces the need for hardware
- It ensures faster transaction processing and response
- It eliminates all system errors
Correct Answer: C) It ensures faster transaction processing and response
Explanation: Performance tuning optimizes resource usage to improve speed and efficiency.
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FTCORE_001 Finacle Core Ver.10.2 Advanced Technical Exam
Q8. Which statement about Finacle product configuration is correct?
- Products cannot be customized
- Only deposit products are supported
- Each product can be defined with specific parameters and workflows
- Products must be coded in the source code
Correct Answer: C) Each product can be defined with specific parameters and workflows Explanation: Finacle 10.2 allows banks to configure products with tailored rules and parameters.
Q9. Which system in Finacle 10.2 is primarily used for transferring large sums in real time?
A) NEFT
B) IMPS
C) RTGS
- SWIFT only
Correct Answer: C) RTGS
Explanation: RTGS (Real Time Gross Settlement) is used for real-time transfers of large amounts.
Q10. In Finacle 10.2, how are fees and charges typically configured?
- Manually by each teller every time
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