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Salesforce 201 Commercial Banking-Functional Exam Questions and Answers, | SPOTO

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Question #1
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
View answer
Correct Answer: ACD
Question #2
___________ is used to notate the reasons for denial of the Loan - and after approval, this record is stored on the Loan page for future reference.
A. Decline Loan Reasons
B. Reasons for Denial
C. Covenant Compliance
D. Adverse Action
View answer
Correct Answer: D
Question #3
After you begin Spreading, what is the first step a user must complete before adding income statements?
A. Export the bundle
B. Set Fiscal Year End
C. Check the Common Sizing box
D. Select number of months in a period
View answer
Correct Answer: B
Question #4
True or False: When creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button.
A. True
B. False
View answer
Correct Answer: A
Question #5
True or False: To access the Default Rate Indices one would navigate via Setup>Develop>Custom Settings>Manage records next to Index
A. True
B. False
View answer
Correct Answer: B
Question #6
Any financial documents for your borrower should be saved in the __________.
A. Relationship Document Manager
B. Connections
C. Loan Document Manager
D. Overview
View answer
Correct Answer: A
Question #7
When configuring a form template from the Loan object and attempting to capture the values for fields on a related object, how must the start of the query be configured to "call- out" to that other object?
A. {{"API_Name"}}
B. {{FIELD="API_Name"}}
C. {{LIST="Field_API_Name"}}
D. {{LIST="Object_API_Name"}}
View answer
Correct Answer: D
Question #8
True of False: By default, the total exposure includes any proposed direct or indirect exposure.
A. True
B. False
View answer
Correct Answer: A
Question #9
True or False: When Creating a New Route you should always click the New Button.
A. True
B. False
View answer
Correct Answer: B
Question #10
When loans are renewed or modified, the financial institution would like to ensure that Loan Team Members (related list) are not copied from the original loan. Which ConfigVal setting should be reviewed or edited to prevent this?
A. Relatives_To_Clone
B. Renewal_Fields_To_Clone
C. Relative_Fields_To_Clone
D. Renewal_Feature_Enabled
View answer
Correct Answer: A
Question #11
Which process gives you the most similar view of nCino on your mobile device?
A. Salesforce1 App
B. Browser
View answer
Correct Answer: B
Question #12
True or False: Collateral Type is optional.
A. True
B. False
View answer
Correct Answer: B
Question #13
True or False: It is NOT important to have a corresponding customer request/permission before attempting to data load.
A. True
B. False
View answer
Correct Answer: B
Question #14
How can you calculate a risk rating (Select 2)?
A. Narratives
B. Template
C. Quantitative
D. Qualitative
View answer
Correct Answer: CD
Question #15
True or False: New Covenant Management records are created when the "Next Evaluation Date" is met.
A. True
B. False
View answer
Correct Answer: B
Question #16
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'
View answer
Correct Answer: A
Question #17
What objects are standard supported for Document Manager?
A. -Loan
B. -Relationship
C. -Deposits
D. -Collateral
E. -Treasury Services
F. -Product Package
View answer
Correct Answer: ABCDEF
Question #18
When configuring Loan Team Member alerts, what loan field is populated via workflow to initiate the notification?
A. Loan Alerts
B. Team Alerts
C. Team Member Alerts
D. Notification Alert
View answer
Correct Answer: B
Question #19
True or False? A Loan converts to a lead through the "Convert to nCino" button.
A. True
B. False
View answer
Correct Answer: B
Question #20
The 'Loan Details' Main Navigation has Sub Navigation called Questionnaire that should be the first Route that is seen when clicking the 'Loan Details'.Where is the 'Default Context' checkbox checked to make the Questionnaire show up first?
A. Route
B. Route Group
C. Group
D. Screen Section
View answer
Correct Answer: B
Question #21
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
View answer
Correct Answer: B
Question #22
The nCino solution is compatible with Salesforce Lightning user experience.
A. True
B. False
View answer
Correct Answer: A
Question #23
True or False: Appending 'tool-' or 'action-' to the beginning of an App Name on the Route object will make the Route display in the Magic Wand.
A. True
B. False
View answer
Correct Answer: A
Question #24
Page 4 What determines the available choices of Product Line, Product Type, and Product picklists?
A. Field Level Security
B. Field Dependencies
C. Clickback protection
D. Workflow + Field update
View answer
Correct Answer: B
Question #25
Collateral Management records must have what child record?
A. Collateral Pledged
B. Lien
C. Collateral Ownership
D. All of the Above
View answer
Correct Answer: C
Question #26
True of False: Individual Relationship records also have Contact records linked to them - and on the Contact record is where the customer's CIP information is stored.
A. True
B. False
View answer
Correct Answer: A
Question #27
What objects are standard supported for Document Manager?
A. Loan
B. Relationship
C. Deposits
D. Collateral
E. Treasury Services
F. Product Package
G. All of the Above
View answer
Correct Answer: G
Question #28
To use RLTV, financial institutions need to ensure they currently use which of the following features?
A. Both Enhanced Collateral Management and Total Exposure
B. Enhanced Collateral Management
C. Total Exposure
D. None ofthe above
View answer
Correct Answer: B
Question #29
ncDataGrid can access field sets from what Objects?
A. The Source Object the UI is on
B. A related Object to the Object the UI is on
C. A related - related Object to the Object the UI is on
D. a visualforce page
View answer
Correct Answer: A
Question #30
True or False? An approval process can fire email alerts to groups of users.
A. False
B. True
View answer
Correct Answer: B

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