Hi Arnab,

Yes, you are right. Setting the value to 0 for bid modifier is reserved for 
opting out of a platform or excluding the specific device as a target. For your 
other concern, the bid adjustments set to -100% means it will opt out showing 
the ads on a specified device. Let us know if you need any additional 
information.

Regards,
Nikisha Patel, Google Ads API Team
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