This quiz is designed to test the candidate's knowledge of the Commercial Policy course.
100% in advance
Against delivery
30 Days PDC
90 Days LC
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Against delivery
30% advance, balance against delivery
30 days PDC
100% advance
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True
False
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90 days
30 days
45 days
60 days
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Gross Invoice Value
Basic Invoice Value
Total Invoice Value
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True
False
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Payment terms
Freight terms
Packing terms
Insurance
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When they are located in a different state
When they are located in a Special Economic Zone
When they are selling products to a different country
When they are in a different country
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10%
11%
12%
14.5%
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2% on ED
1% on ED
2% on Basic Invoice Value
1% on Basic Invoice Value
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12.5%
14.5%
14%
10%
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True
False
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When the products are sold outside Bangalore
When the products are sold outside Karnataka
When a 'C' Form is provided by the customer
When at CT3 form is provided by the customer
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Customer
Sales Team
Finance
No one
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True
False
True
False
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5%
10%
15%
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5 lakhs
10 lakhs
15 lakhs
20 lakhs
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True
False
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1% on contribution
2% on contribution
0.5% on contribution
1.5% on contribution
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Rs 3000
Rs 4000
Rs 5000
Rs 6000
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True
False
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3%
2%
1%
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True
False
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True
False
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2%
10%
14.5%
12.5%
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Basic Invoice Value
VAT/CST
Packing Charges
Freight Charges
Excise Duty + Education Cess + Cess on Secondary & Higher Education
Insurance
Basic Rate
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Quiz Review Timeline (Updated): Dec 12, 2023 +
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