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Salesforce nCino 201 Commercial Banking Functional Sample Questions:

1. The Address is found on which object?

A) Loan
B) Collateral Management
C) Lien
D) Collateral Pledged

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

A) False
B) True

3. True or False? On a Change Memo, you have to manually go back into the Loan record to update any new changes to fields like terms, rate, amount, etc.

A) False
B) True

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?

A) The R-1 appendage on loan 12345R-1 is removed
B) The loan is deleted
C) The loan number for loan 12345R-1 is updated to 12345_ORG
D) Loan 12345R-1 updates to 12345R-2

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

A) SObjectScreenResource
B) MappedSObjectHierarchyScreenResource
C) ConfiguredSObjectScreenResource
D) MappedSObjectScreenResource

Solutions: