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Free 201 - Retail Banking Functional Exam Questions and Answers

Last updated: March 29, 2025

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201 - Retail Banking Functional

#Question
Which nCino feature enables banks to assess the impact of market changes on their loan products?
A.
Basic Charts
B.
Scenario Analysis Tools
C.
Random Surveys
D.
Manual Data Collection
Correct Answer: B
Scenario Analysis Tools allow banks to model and forecast how different market conditions can affect their loan products and overall strategy.

201 – Retail Banking Functional

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Which nCino feature enables banks to assess the impact of market changes on their loan products?


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#Question
How does nCino support cross-functional collaboration among bank teams?
A.
Basic Reports
B.
Individual Silos
C.
Manual Emails
D.
Collaborative Workspaces
Correct Answer: D
Collaborative Workspaces provide a platform for different teams to share information and work together on loan applications and projects.

201 – Retail Banking Functional

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How does nCino support cross-functional collaboration among bank teams?


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#Question
What is the role of nCino in ensuring loan approval timelines are met?
A.
Workflow Automation
B.
Random Checks
C.
Manual Oversight
D.
Basic Procedures
Correct Answer: A
Workflow Automation helps streamline and accelerate the loan approval process, ensuring adherence to timelines.

201 – Retail Banking Functional

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What is the role of nCino in ensuring loan approval timelines are met?


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#Question
Which nCino feature enables banks to assess the success of customer engagement initiatives?
A.
Manual Reviews
B.
Random Metrics
C.
Engagement Analytics Tools
D.
Generic Feedback
Correct Answer: C
Engagement Analytics Tools track and measure the outcomes of various engagement initiatives with customers.

201 – Retail Banking Functional

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Which nCino feature enables banks to assess the success of customer engagement initiatives?


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#Question
In what way does nCino provide for improved financial product development?
A.
Random Selection
B.
Manual Processes
C.
Fixed Offerings
D.
Market Research Analysis
Correct Answer: D
Market Research Analysis supports informed product development strategies by identifying customer demand and market needs.

201 – Retail Banking Functional

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In what way does nCino provide for improved financial product development?


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#Question
How does nCino simplify the workflow for mortgage originators?
A.
Automated Workflow Management
B.
Paper Processes
C.
Basic Checks
D.
Manual Adjustments
Correct Answer: A
Automated Workflow Management reduces the number of manual steps, expediting processes for mortgage originators.

201 – Retail Banking Functional

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How does nCino simplify the workflow for mortgage originators?


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#Question
A retail bank wants to enhance customer experiences during the application process. Which nCino tool is suitable?
A.
Basic Forms
B.
Customer Experience Management
C.
Generic Communication
D.
Manual Handling
Correct Answer: B
Customer Experience Management provides tools and methodologies to enhance the customer experience clearly and efficiently.

201 – Retail Banking Functional

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A retail bank wants to enhance customer experiences during the application process. Which nCino tool is suitable?


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