A Post by Neel Mani Gautam
What will happen if I provide value in both Pre-Default and Post-Default properties?
I will try to explain the answer with the help of an example of “Status” field.
We will assume the following values have been given for Pre-Default and Post-Default properties of Status Field
Pre-Default Value:  “In Process”
Post-Default Value:  “Complete”

Generally two ways are there in Siebel, by which we can categorize the Picklists in Siebel
a) Static V/s Dynamic Picklist.
b) Bounded V/s Unbounded Picklist.
So, let start with the first categorization.
Static Picklist is the one which is based on “PickList Generic” or “PickList Hierarchical” Business Component and fetches the values from “Administration-Data -> List of Values”. “Type Field” & “Type Value” are the two fields where you specify the field name where the LOV Type has been stored (i.e. Type) and the LOV Type value respectively. So the values which appears …

Puru , Reader or our website has shared excellent description of above question.
1.  Based on Usage: DP is used to draw/pick a value for a field in Originating BC from any BC  whereas MVGs is an alternative to a detail view for managing parent and related child records. It allows complex queries that span multiple BCs

Post is coming soon.

Post is getting update.
sorry for inconvinence