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

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

• Question 151:

  True or False: An approval process can fire email alerts to a group of users.

  A. True
  B. False
  A. True

• Question 152:

  In order to configure the "Generate Forms" action within the Magic Wand/User Interface (UI) on the Loan object, which loan field value is required?

  A. Record Type
  B. Product Line
  C. Default App
  D. Principal Balance
  B. Product Line

• Question 153:

  A "Standard Fee" is defined as: (Choose 3)

  A. A fee that can be queued up automatically to be added to a specific loan product
  B. A fee that can be queued up automatically to be added when a loan hits a specific stage
  C. Any fee that a Financial Institution might add to a loan
  D. A fee that can be queued up automatically with a preset amount
  E. A fee that exists as an option in the "Fee Type" Picklist on the Fee Object
  A. A fee that can be queued up automatically to be added to a specific loan product
  B. A fee that can be queued up automatically to be added when a loan hits a specific stage
  D. A fee that can be queued up automatically with a preset amount

• Question 154:

  Which nCino feature is required to be utilized when setting up multi-tiered loan structure?

  A. Credit Memo
  B. Rate Structure
  C. Product Package
  D. Spreads
  C. Product Package

• Question 155:

  True or False: Once a loan has been put into the approval process, the record will be locked until an action is taken.

  A. True
  B. False
  A. True

• Question 156:

  From the default structure hierarchy in nCino, which options can have one or many options below them in the hierarchy? (Choose three)

  A. Sub Limit
  B. Current Takedown
  C. Main
  D. Limit
  A. Sub Limit
  C. Main
  D. Limit

• Question 157:

  What method of organization should be used to create the Loan Document Manager Smart Checklists?

  A. Start with least common documents with broad criteria, work your way down to smaller groups
  B. Start with most common documents with broad criteria, work your way down to smaller groups with more granular criteria
  C. Start with random documents, no one way is easier
  D. Use Loan Amount and Product Line only
  B. Start with most common documents with broad criteria, work your way down to smaller groups with more granular criteria

• Question 158:

  True or False: Informatica loads run on a manual sync. The admin must tell the sync to run.

  A. True
  B. False
  A. True

• Question 159:

  Which SOQL Query would return the fields: Name, Billing address (street,city,state,zip) and phone number of all Relationships (Account) with the billing state of North Carolina with no syntax errors?

  A. SELECT NAME, BILLING ADDRESS, PHONE FROM ACCOUNT WHERE BILLINGSTATE = 'NC'
  B. SELECT NAME, BILLING ADDRESS PHONE FROM ACCOUNT WHERE BILLINGSTATE = NC
  C. SELECT NAME, BILLING ADDRESS, PHONE FROM ACCOUNT HAVING BILLINGSTATE = 'NC'
  D. SELECT NAME, BILLING ADDRESS, FROM ACCOUNT WHERE BILLINGSTATE = 'NC'
  A. SELECT NAME, BILLING ADDRESS, PHONE FROM ACCOUNT WHERE BILLINGSTATE = 'NC'

• Question 160:

  When configuring Loan Team Member alerts, what workflow action is utilized?

  A. Outbound message
  B. Email alert
  C. Field update
  D. Create task
  B. Email alert