Error While Creating Action

Hi,
We upgraded SIT environment from 8.0.0.9 to 8.1.1.7.
When we try to create new Action record, we are getting following error:

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Error updating business component at step 'Create Action'.(SBL-BPR-00187)
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This error is returned when the workflow/task is executing the Siebel Operation business service.(SBL-BPR-00100)
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An error occurred calculating the default value for field 'FINS Product Group Public Flag' in business component 'Action'.(SBL-DAT-00412)
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Could not evaluate expression 'Field: 'FINS Product Group Public Flag Calculate'' for field 'FINS Product Group Public Flag' in business component 'Action'.(SBL-DAT-00394)
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This operation is not allowed when there are no records displayed.

Please execute a query that returns at least one record or add a new record.(SBL-DAT-00215)