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Free Salesforce 201-Commercial-Banking-Functional Practice Exam with Questions & Answers | Set: 4

Questions 31

True or False? You don't need a field set in order to Build the Layout for a Screen Section.

Options:
A.

True

B.

False

Questions 32

Collateral Management records must have what child record?

Options:
A.

Collateral Pledged

B.

Lien

C.

Collateral Ownership

D.

All of the Above

Questions 33

Which child object of a Covenant Management record can have multiple records? (Select 2).

Options:
A.

Covenant Type

B.

Covenant Compliance

C.

Account Covenant

D.

Loan Covenant

Questions 34

The following are the Related Lists (also called "hovers" or "quick links") that store any CRM activities for the relationship that have been closed/completed.

Options:
A.

Contacts

B.

Activity History

C.

Connections

D.

Open Activities

Questions 35

Select the options that best summarize what a Product Package is. (Choose all that apply)

Options:
A.

Aggregation of Loans and ancillary data (Fees, Collateral, etc.)

B.

Bulk Actions to Loans (Modify/Renew, Submit for Approval, Review)

C.

Manage Relationship Statistics

D.

Unified Credit Memo and Forms Gen

Questions 36

To use RLTV, financial institutions need to ensure they currently use which of the following features?

Options:
A.

Both Enhanced Collateral Management and Total Exposure

B.

Enhanced Collateral Management

C.

Total Exposure

D.

None ofthe above

Questions 37

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?

Options:
A.

Record Type

B.

Product Line

C.

Default App

D.

Principal Balance

Questions 38

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

Options:
A.

True

B.

False

Questions 39

An Advance Rate override will impact which record?

Options:
A.

Collateral Type

B.

Collateral Pledged

C.

Collateral Management

D.

All of the Above

Questions 40

True or False? Activity History shows any prior CRM activities performed (phone calls, email sent, meetings, etc) and Open Activities shows any pending tasks.

Options:
A.

True

B.

False