Salesforce 201 Commercial Banking Functional Exam Practice Test Instant Access

Question 1

True of False? By default, the total exposure includes any proposed direct or indirect exposure.

ATrue

BFalse

Answer : A

Question 2

Which of the following is a Data Loader option?

ASide Slide

BUpdate

CCheck and Return

DSecondary Delete

Answer : B

Question 3

True or False? Collateral Placeholders can be imported into Loan Documan.

ATrue

BFalse

Answer : A

Question 4

A loan with loan number 12345 is renewed. This creates a new Loan record with Loan number 12345R-1. When Loan 12345R-1 books the stage is updated to the 'booked' stage.

What happens to the 12345R-1 loan's loan number when the 12345R-1 loan books?

AThe loan is deleted

BLoan 12345R-1 updates to 12345R-2

CThe R-1 appendage on loan 12345R-1 is removed

DThe loan number for loan 12345R-1 is updated to 12345_ORG

Answer : C

Question 5

Where can the Interest Accrual Method be changed?

AProduct Line

BManage Rates Tab

CProduct Type

DIndex

Answer : A

Question 6

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

ALeads

BConnections

CContacts

DOverview

Answer : C

Question 7

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

ABoth Enhanced Collateral Management and Total Exposure

BEnhanced Collateral Management

CTotal Exposure

DNone of the above

Answer : B

Salesforce nCino 201 Commercial Banking Functional Exam 201 Commercial Banking Functional Exam Practice Test