Salesforce Salesforce Certifications 201-COMMERCIAL-BANKING-FUNCTIONAL Questions & Answers

• Question 121:

  What is the proper way to enter in a weight value of 50 percent for Risk Grade?

  A. 0.5

  B. 0.05

  C. 50%

  D. 50

  Correct Answer: A

• Question 122:

  When using reports to assist in a data load, which file type should that report be saved as?

  A. Excel Workbook

  B. PDF

  C. CSV MS-DOC

  D. CSV (Comma Delimited)

  Correct Answer: D

• Question 123:

  Covenants are automatically marked active when:

  A. The loan is paid off

  B. 30 days before the Next Evaluation Date

  C. The Loan is Booked

  Correct Answer: C

• Question 124:

  True or False: It is NOT important to have a corresponding customer request/permission before attempting to data load.

  A. True

  B. False

  Correct Answer: B

• Question 125:

  A "Standard Fee" is defined as: (Choose 3) A. A fee that can be queued up automatically to be added to a specific loan product

  B. A fee that can be queued up automatically to be added when a loan hits a specific stage

  C. Any fee that a Financial Institution might add to a loan

  D. A fee that can be queued up automatically with a preset amount

  E. A fee that exists as an option in the "Fee Type" Picklist on the Fee Object

  Correct Answer: ABD

• Question 126:

  Which of the following functions are available with the Schedule an Event feature?

  A. Create an All Day Event

  B. Create a Recurring Event

  C. Create a time block on your calendar for the event

  D. All of the above

  Correct Answer: D

• Question 127:

  True or False: Once a loan has been put into the approval process, the record will be locked until an action is taken.

  A. True

  B. False

  Correct Answer: A

• Question 128:

  True or False: If you assign a task to someone, they will receive email notification letting them know that they have been assigned a new task.

  A. True

  B. False

  Correct Answer: A

• Question 129:

  True or False: A Limit or a Sub Limit adds additional exposure to the overall hierarchy.

  A. True

  B. False

  Correct Answer: B

• Question 130:

  True or False: Workbench can be used to query salesforce records that are otherwise difficult to report on.

  A. True

  B. False

  Correct Answer: A