Salesforce 201-Commercial-Banking-Functional Exam Practice Test Instant Access

Question 1

Which Collateral Management feature enables the functionality of comparing the value of a piece of collateral to the value of all loans pledged to that particular piece of collateral?

ACollateral Coverage Ratio

BCollateral Pledged

CComplex Collateral

DLoan Ratio

Answer : A

Question 2

True or False: New Covenant Management records are created when the "Next Evaluation Date" is met.

ATrue

BFalse

Answer : B

Question 3

True or False: When curating data in an excel sheet, leading zeros are sometimes hidden.

ATrue

BFalse

Answer : A

Question 4

True or False: To access the Default Rate Indices one would navigate via Setup>Develop>Custom Settings>Manage records next to Index

ATrue

BFalse

Answer : B

Question 5

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

AProduct State Config

BStage

CStatus

DCustom Settings

Answer : A, B, C, D

Question 6

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

AThe Fee must exist as an option in the 'Fee Type' picklist on the Fee Object

BThey need access to a text field labeled 'other' to enter the fee type

CThey need a special custom object to track Non-Standard Fees

DThe Fee must exist as a record of the Template Object

Answer : A

Question 7

True or False? Risk Grade Groups can be associated with Multiple Risk Grade Templates.

ATrue

BFalse

Answer : A

Salesforce nCino 201 Commercial Banking Functional Exam Practice Test