201-COMMERCIAL-BANKING-FUNCTIONAL Online Practice Questions and Answers

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

A. SObjectScreenResource

B. ConfiguredSObjectScreenResource

C. MappedSObjectHierarchyScreenResource

D. MappedSObjectScreenResource

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

A. True

B. False

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

A. True

B. False

True or False: Once the entire Loan term is defined, the payment structure data from the first payment stream is pushed back to the loan object and saved. This overwrites existing data on the loan object.

A. True

B. False

True or False: A Loan that is processed through nCino will typically go through multiple approval processes.

A. True

B. False

True or False: Updating the Status of the Covenant Management record will generate a Covenant Compliance record.

A. True

B. False

Which of the following ways can a Loan be created in nCino (Select 2)

A. Converting a Lead to a Loan

B. Adding from Entity involvement related list

C. New Loan Product button from Relationship

D. New Loan Product button from Relationship

True or False: The packaged Setup of nCino UI will have Risk Rating already configured.

A. True

B. False

For a user to generate a record below the Main on the loan record in nCino, which button are you required to add to the page layout?

A. Credit Memo

B. Sharing

C. Manage Customer Portal

D. New Limit/Sub/Takedown

When using nCino Forms Generation, where are the templates stored so that a user can access to edit?

A. Forms Manager

B. Templates can't be edited once saved

C. nCino Administration

D. Forms Templates