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Exam Code 301-Commercial-Banking-Configuration
Exam Name Salesforce nCino 301 Commercial Banking Configuration
Vendor Salesforce
Total Questions 46
Last Updated 26-Oct, 2026
Free 301-Commercial-Banking-Configuration Questions Get Premium Access
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Free 301-Commercial-Banking-Configuration Practice Questions

Explore 4 free practice questions for the Salesforce 301-Commercial-Banking-Configuration exam and review the answers and explanations to support your preparation.

  1. Question 1

    True / False

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

    • Option A: True
      Correct
    • Option B: False
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    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.

  2. Question 2

    Single answer

    Which of the following describes a guarantor?


    • Option A:
      An entity that represents a collection of related relationships

      Correct
    • Option B:
      An entity that borrows money

      Correct
    • Option C:
      An entity that does not borrow money but promises to repay a loan in the event of default

      Correct
    • Option D:
      An entity that jointly borrows money with another
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    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.

  3. Question 3

    Multiple answers

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

    • Option A:
      Administrators can remove the Add Signer button from the page

      Correct
    • Option B:
      Administrators can remove the Add New Relationship button from the page

      Correct
    • Option C:
      Users can build out a multi-tiered borrowing structure without duplicating contact records

      Correct
    • Option D:
      Suggested entities are now controlled via the Parent Account lookup on the Account object

      Correct
    • Option E:
      Households relationships are always included in the Search and Suggested Results and cannot be disabled
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    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.

  4. Question 4

    Multiple answers

    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?


    • Option A:
      Relationship Name - Product Name - Loan Amount

      Correct
    • Option B:
      The custom workflow rule will set the loan name

      Correct
    • Option C:
      Relationship Name - Product Name

      Correct
    • Option D:
      Relationship Name - Loan Amount - Product Name
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    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.