Basic General Knowledge
Recession is

period that results from accumulation of unsold goods, owing to fall in demand
period during which unemployment may rise and demand and output may fall, leading to slump in trade
slowing down of economic activity over a limited period
All of these

ANSWER DOWNLOAD EXAMIANS APP

Basic General Knowledge
Modvat is

a term used in excise which is a new scheme of indirect taxes
modified value added
All of these
scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw

ANSWER DOWNLOAD EXAMIANS APP