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

• Question 51:

  The Product Catalog is configured on the back end by using what tool?

  A. Copy Loan Plus Tool

  B. DM Admin Tool

  C. Standard Cloner Tool

  D. Document Manager Tab

  Correct Answer: B

• Question 52:

  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 loan is deleted

  B. Loan 12345R-1 updates to 12345R-2

  C. The R-1 appendage on loan 12345R-1 is removed

  D. The loan number for loan 12345R-1 is updated to 12345_ORG

  Correct Answer: C

• Question 53:

  What data points related to Collateral MGMT is recommended to be used when starting Collateral Docman Smart Checklists?

  A. Collateral Type-> Type/Subtype

  B. Loan to Value

  C. Collateral Pledge

  D. Address

  E. Collateral History

  Correct Answer: A

• Question 54:

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

  A. True

  B. False

  Correct Answer: A

• Question 55:

  Nodes in the Overview Tab can be directed to which of the following?

  A. A specific List View or a specific Dashboard

  B. A specific List View or a specific Report

  C. The Loan Object or the the Report Object

  D. The Loan Object or the Dashboard Object

  Correct Answer: B

• Question 56:

  Which Collateral Management feature enables the functionality of comparing the value of a piece of collateral to the value of all loans pledged to that particular piece of collateral?

  A. Collateral Coverage Ratio

  B. Collateral Pledged

  C. Complex Collateral

  D. Loan Ratio

  Correct Answer: A

• Question 57:

  The 'Loan Details' Main Navigation has Sub Navigation called Questionnaire that should be the first Route that is seen when clicking the 'Loan Details'.

  Where is the 'Default Context' checkbox checked to make the Questionnaire show up first?

  A. Route

  B. Route Group

  C. Group

  D. Screen Section

  Correct Answer: B

• Question 58:

  ___________ is used to notate the reasons for denial of the Loan - and after approval, this record is stored on the Loan page for future reference.

  A. Decline Loan Reasons

  B. Reasons for Denial

  C. Covenant Compliance

  D. Adverse Action

  Correct Answer: D

• Question 59:

  Once the Covenant Compliance record is set to Compliant status, the Next Evaluation Date on the parent Covenant automatically moves forward based on the frequency set on the parent Covenant. This is accomplished via workflow rules and can be customized.

  Which of the following is necessary for a sync with records coming from the Core?

  A. A match on the Relationship Social Security Number or Tax ID

  B. A match on the lookupKey value for the record

  C. A match on the name of the record

  D. A Salesforce ID match

  Correct Answer: B

• Question 60:

  ncDataGrid can access field sets from what Objects?

  A. The Source Object the UI is on

  B. A related Object to the Object the UI is on

  C. A related - related Object to the Object the UI is on

  D. a visualforce page

  Correct Answer: A