D) All of the above. Source: Examveda — Basic General Knowledge

Modvat is

A modified value added

B a term used in excise which is a new scheme of indirect taxes

C scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw

D All of the above

✓ Correct Answer: Option D

Source: Examveda — Basic General Knowledge

💡 Why is D) the correct answer?

The correct answer to the question "Modvat is" is Option D: All of the above.

The other options — A) modified value added, B) a term used in excise which is a new scheme of indirect taxes, C) scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw — are incorrect for this General Knowledge question. As explained above: Source: Examveda — Basic General Knowledge

📚 About This General Knowledge Practice Question

This 2-level General Knowledge question is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free General Knowledge practice test or use flashcards for spaced repetition review.

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Modvat is

✓ Correct Answer: Option D

📚 About This General Knowledge Practice Question

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