SSC Economics Sample Paper NCERT Sample Paper-2

  • question_answer
    The existence of a parallel economy/black money

    A) Makes the economy more competitive

    B) Makes the monetary policies less effective

    C) Ensure a better distribution of income and wealth

    D) Ensure & increasing productive investment

    Correct Answer: B

    Solution :

    Black Money is the unaccounted money concealed from the tax authorities. The black money runs a parallel economy adversely affecting the distribution of wealth & income in the economy. The total amount of black money globally is estimated between $ 2.1 and 2.5 trillion. This is roughly about seven percent of the world's GDP.

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