Salesforce 201-COMMERCIAL-BANKING-FUNCTIONAL Online Practice Questions and Exam Preparation

Salesforce 201-COMMERCIAL-BANKING-FUNCTIONAL Online Questions & Answers

• Question 121:

  True or False: Updating the Status of the Covenant Management record will generate a Covenant Compliance record.

  A. True
  B. False
  A. True

• Question 122:

  Where can a User find "Recent Items"?

  A. Side Pane
  B. Center Pane
  A. Side Pane

• Question 123:

  What controls where Loan appears in Non-Pending Facilities and Pending Facilities on Product Package?

  A. Product State Config
  B. Stage
  C. Status
  D. Custom Settings
  A. Product State Config
  B. Stage
  C. Status
  D. Custom Settings

• Question 124:

  What icon represents a Relationship record in nCino?

  A. Money Bag
  B. Small Green Man
  C. Coin
  D. Folder
  D. Folder

• Question 125:

  Collateral Management records must have what child record?

  A. Collateral Pledged
  B. Lien
  C. Collateral Ownership
  D. All of the Above
  C. Collateral Ownership

• Question 126:

  A loan with loan number 12345 is renewed. This creates a new Loan record with Loan number 12345R-1. When Loan 12345R-1 books the stage is updated to the 'booked' stage. What happens to the 12345R-1 loan's loan number when the 12345R-1 loan books?

  A. The loan is deleted
  B. Loan 12345R-1 updates to 12345R-2
  C. The R-1 appendage on loan 12345R-1 is removed
  D. The loan number for loan 12345R-1 is updated to 12345_ORG
  C. The R-1 appendage on loan 12345R-1 is removed

• Question 127:

  True or False: Collateral Type is optional.

  A. True
  B. False
  B. False

• Question 128:

  True or False: The Process Overview enables nCino users to have a comprehensive view of all Relationships in the system.

  A. True
  B. False
  B. False

• Question 129:

  What Icon represents a Loan record in nCino?

  A. Money Bag
  B. Small Green Man
  C. Coin
  D. Folder
  A. Money Bag

• Question 130:

  For a user to add a 'Non-Standard' Fee to a loan:

  A. The Fee must exist as an option in the 'Fee Type' picklist on the Fee Object
  B. They need access to a text field labeled 'other' to enter the fee type
  C. They need a special custom object to track Non-Standard Fees
  D. The Fee must exist as a record of the Template Object
  A. The Fee must exist as an option in the 'Fee Type' picklist on the Fee Object