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Salesforce 301-Commercial-Banking-Configuration - Salesforce nCino 301 Commercial Banking Configuration Certification Exam

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Question #1 (Topic: demo questions)

Which of the following is an example of a wireless network technology commonly used for short-range
communication between devices?

A. True
B. False
Correct Answer: A
Explanation:

The statement is asking whether a wireless network technology commonly used for short-range communication between devices exists. This is True. There are several technologies designed specifically for short-range wireless communication. For example, Bluetooth is widely used for connecting devices like headphones, speakers, keyboards, and smartphones over short distances. Another example is NFC, which is used for very close-range communication such as contactless payments and tapping devices together to share data. These technologies are specifically designed to work over short distances, making them suitable for personal devices and quick data exchange without cables.
Question #2 (Topic: demo questions)

Which of the following describes a guarantor?


A.
An entity that represents a collection of related relationships
B.
An entity that borrows money
C.
An entity that does not borrow money but promises to repay a loan in the event of default
D.
An entity that jointly borrows money with another
Correct Answer: C
Explanation:
A guarantor is an entity or person that does not directly take the loan, but agrees to repay the loan if the borrower fails (defaults). In other words, the guarantor provides a financial promise or backup assurance to the lender that the debt will be covered if the main borrower cannot pay.
Why the other options are incorrect:
  • A: This describes a data or relationship concept, not finance.
  • B: This is the borrower, not the guarantor.
  • D: This describes a co-borrower, who jointly takes responsibility for the loan, not a guarantor.
So, the guarantor is specifically the party that steps in only if the borrower defaults, making option C the correct choice.

Question #3 (Topic: demo questions)

The Borrowing Structure page supports multi-tiered loan involvements. Which of the following are true
regarding this new enhanced workflow? (Choose three.)

A.
Administrators can remove the Add Signer button from the page
B.
Administrators can remove the Add New Relationship button from the page
C.
Users can build out a multi-tiered borrowing structure without duplicating contact records
D.
Suggested entities are now controlled via the Parent Account lookup on the Account object
E.
Households relationships are always included in the Search and Suggested Results and cannot be disabled
Correct Answer: A, C, D
Explanation:

Administrators can remove the Add Signer button from the page to control what actions users can perform. Users are able to build a multi-tiered borrowing structure without duplicating contact records, which improves data consistency and avoids unnecessary duplicates. Also, suggested entities are now driven by the Parent Account lookup on the Account object, meaning recommendations are based on the account hierarchy. These features together improve flexibility, reduce redundancy, and give administrators more control over the borrowing structure setup.
Question #4 (Topic: demo questions)

For the following scenario, assume the Loan Name input field for end users on the Loan creation page is
hidden and the Loan Amount field has been added as an additional field for an end user to populate. If an
end user populates all available fields on the loan creation page, and there is no custom workflow rule
configured to set the loan name, what will the nCino solution automatically set the loan name to?


A.
Relationship Name - Product Name - Loan Amount
B.
The custom workflow rule will set the loan name
C.
Relationship Name - Product Name
D.
Relationship Name - Loan Amount - Product Name
Correct Answer: A, C
Explanation:
In the nCino Bank Operating System loan creation logic, if the Loan Name field is hidden from users and there is no custom workflow rule configured to populate it, the system automatically generates the Loan Name using its default naming convention. This default format typically combines the Relationship Name and Product Name only.
Even if additional fields like Loan Amount are added to the page layout and completed by the user, they do not affect the auto-generated Loan Name unless a specific workflow or automation explicitly includes them. Therefore, the system will ignore the Loan Amount in this case and fall back to the standard format: Relationship Name – Product Name.

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