Subject Category > General Knowledge

Q. MODVAT is related to

A) Income Tax

B) Sales Tax

C) Excise Tax

D) Wealth Tax

✔ Excise Tax

Additional Information > Exam point of View

MODVAT was a system introduced in India to allow manufacturers to claim tax credits on inputs and reduce the cascading effect of tax on goods. It was later replaced by GST (Goods and Services Tax).

Asked Question

Q 1.National Income estimates in India are prepared by

Right Answer : Central statistical organisation

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Q 2.MS-Word is an example of _____

Right Answer : Application software

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Q 3.The staple food of the Vedic Aryan was

Right Answer : Milk and its products

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Q 4.The tropic of cancer does not pass through which of these Indian states ?

Right Answer : Odisha

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Q 5.Fathometer is used to measure

Right Answer : Ocean depth

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Q 6.The purest form of iron is

Right Answer : wrought iron

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Q 7.A computer cannot "boot" if it does not have the _____

Right Answer : Operating system

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Q 8.The working principle of a washing machine is

Right Answer : centrifugation

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Q 9.Which of the following is NOT a property of bases?

Right Answer : They turn blue litmus red

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Q 10.Among the following the maximum covalent character is shown by the compound(1)MgCl2(2)FeCl2(3)SnCl2(4) AlCl3

Right Answer : Option 4

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