Salesforce nCino 201 Commercial Banking Functional - 201-Commercial-Banking-Functional Exam Practice Test
Question 1
Which of the following is NOT an example of a Fee that should be tracked using the nCino Fee Management feature?
Correct Answer: C
Question 2
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.
Correct Answer: A
Question 3
Which items must be created in order to configure a team key? (Select Two)
Correct Answer: C,D
Question 4
True or False: It is NOT important to have a corresponding customer request/permission before attempting to data load.
Correct Answer: B
Question 5
You can create a new task off of which of the following objects?
Correct Answer: E
Question 6
In nCino, which designation in the default structure hierarchy captures the record of principal advance?
Correct Answer: C
Question 7
True or False? Updating the Status of the Covenant Management record will generate a Covenant Compliance record.
Correct Answer: A
Question 8
What determines the available choices of Product Line, Product Type, and Product picklists?
Correct Answer: D
Question 9
True or False? An approval process can fire email alerts to groups of users.
Correct Answer: A
Question 10
True or False? Activity History shows any prior CRM activities performed (phone calls, email sent, meetings, etc) and Open Activities shows any pending tasks.
Correct Answer: A
Question 11
Which fields must be filled out when converting a Lead to a Loan?
Correct Answer: B
