Salesforce 201 Commercial Banking Functional Exam Material

dumps2022-09-21T01:40:38+08:00

Salesforce 201 Commercial Banking Functional exam material is useful in your preparation. There are 30-60 multiple-choice questions in the real Salesforce 201 Commercial Banking Functional exam, and you have 60-120 minutes to complete all the questions. The required passing score for the 201 Commercial Banking Functional exam is 65%. Free Salesforce 201 Commercial Banking Functional exam material is below.

Page 1 of 5

1. What is configured that determines the approval process a record will go through?

Original Step

Entry Criteria

Beginning Process

Final approval action

2. Which Salesforce features are commonly used to support flexible configuration in nCino features? 9Select all that apply)

Field Sets

All options listed are correct

Permission sets

Custom Settings

3. 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.

True

False

4. Where should an end user begin spreading from?

Loan

Relationship

Primary Contact

Credit Memo Summary Page

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

True

False

6. True or False: The roles used in loan team member alerts configuration are the standard Salesforce roles.

True

False

7. Covenant Compliance records are generated until:

the Status is changed

A user deactivates the Covenant Management record

All associated Loans are in the Booked Stage

All Associated Loans are in the Complete Stage

8. Covenant Compliance records are created "X" days prior to the "Next Evaluation Date" based on?

The number of days specified by the user

The Covenant type

The frequency

The status

9. True or False: When Creating a New Route you should always click the New Button.

True

False

10. Connections is used to join what 2 type of records.

Relationships with other Relationships

Reports to Dashboards

Relationships to Loans

Loans with other Loans

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11. True of False? Risk rating can include both qualitative and quantitative values.

False

True

12. When configuring Credit Memo, which section resource should be used to display information from a child object to the Loan?

SObjectScreenResource

ConfiguredSObjectScreenResource

MappedSObjectHierarchyScreenResource

MappedSObjectScreenResource

13. True or False? An approval process can fire email alerts to groups of users.

True

False

14. Which of the following object are commonly referred to as "Ticklers":

Loan Covenants

Events

Covenant Compliance

Covenant Management

15. True or False: The packaged Setup of nCino UI will have Risk Rating already configured.

True

False

16. True or False? Document Manager requires permission sets in order for users to upload documents.

True

False

17. True or False? A Change Memo is used to request an approval to change terms, rate, amount, etc. AFTER the Loan has already been approved - but BEFORE the Loan has been closed/booked.

True

False

18. In the nCino UI, bold contents contained within a field denotes data:

That has recently been saved

That has been entered but not yet saved

That is incorrect value for the field type it is entered in

That is used in a formula field elsewhere in the system

19. What tab should be navigated to for Docman Configuration?

nCino Administration

DM Administration

Docman Configuration Tool Suite

Home

Reports

20. Which one of the following is NOT a tab available on your Homepage toolbar?

Loans

Summary

Overview

Reports

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21. The Customer Information (CIP information - i.e. date of birth, drivers license) for an Individual Relationship is stored here.

Leads

Connections

Contacts

Overview

22. True or False? When Creating a New Risk Grade Template you should Always use the Create New Risk Grade Template Button.

True

False

23. True or False: A Limit or Sub Limit adds additional exposure to the overall hierarchy.

True

False

24. The Process Overview provides a visual representation of the number of Loans categorized by which of the following?

Loan Status

Loan Stage

Loan Amount

Loan Product

25. Which of the following is NOT an example of a Fee that should be tracked using the nCino Fee Management feature?

Appraisal

Attorney

Loan Origination

Credit Card Late Payment Charge

26. True or False? A Limit or a Sub Limit adds additional exposure to the overall hierarchy.

True

False

27. True or False? Workbench can be used to query salesforce records that are otherwise difficult to report on.

True

False

28. How can you calculate a risk rating (Select 2)?

Qualitative

Narratives

Quantitative

Template

29. True or False? The Loan Exception file catches loan duplicates from coming into the system.

True

False

30. Where are the graphics for the nodes used on the Overview tab (Process View Images) housed?

Static Resources

Desktop Administration

Installed Packages

Custom Labels

Apps

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31. True or False? A Loan converts to a lead through the "Convert to nCino" button.

True

False

32. True or False? List views should be created for each Stage on the Loan Object.

True

False

33. Which SOQL Query would return all Loan ID's?

SELECT ID, FROM LLC_BI__LOAN__C

SELECT ID FROM LLC_BI__LOAN__C

SELECT ID FROM ACCOUN

LLC_BI__LOAN__C

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

True

False

35. Covenants are automatically marked active when:

The loan is paid off

30 days before the Next Evaluation Date

The Loan is Booked

36. True or False? It is NOT important to have a corresponding customer request/permission before attempting to data load.

True

False

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

A fee that can be queued up automatically to be added to a specific loan product

A fee that can be queued up automatically to be added when a loan hits a specific stage

Any fee that a Financial Institution might add to a loan

A fee that can be queued up automatically with a preset amount

A fee that exists as an option in the "Fee Type" Picklist on the Fee Object

38. Which of the following functions are available with the Schedule an Event feature?

Create an All Day Event

Create a Recurring Event

Create a time block on your calendar for the event

All of the above

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

True

False

40. When setting a Route to look at a VisualForce Page what field holds the API name of the VisualForce Page?

Route Name

App Name

Screen Name

Body

Page 5 of 5

41. True or False? During Approval Process, the Stage field on Product Package and Loan are what controls the syncing of Approval.

True

False

Salesforce 201 Commercial Banking Functional Exam Material

Salesforce 201 Commercial Banking Functional Exam Material

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