Basic General Knowledge
Modvat is

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

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Basic General Knowledge
Recession is

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

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Basic General Knowledge
Which are the important meeting of the Commonwealth?

All of these
Regular meeting of the minister of education, law, health and other minister
Annual meeting of the finance minister of the member countries
Biennial meeting of the Commonwealth Heads of Government (CHOGM)

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