UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which of the following statements is incorrect in regards to Black money?
    1. Hawala market has deep roots with this black money
    2. It is unaccounted money which is concealed from tax authorities
    3. All legal economic activities are dealt with this Black Money
    4. It puts an adverse pressure on equitable distribution of wealth and income in the economy

    A) 1 only              

    B)        1 and 2

    C) 3 only              

    D)        1, 2 and 4

    Correct Answer: C

    Solution :

    Black money deals with all illegal economic activities.


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