Economics · Financial Crimes
In the context of Indian economy, what does the term 'Hawala' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Full disclosure of assets by public officials
- 2Illegal trading of shares inside the stock exchange
- 3Tax evasion through legitimate channels
- 4Illegal and parallel channel for foreign exchange transactions✓
Correct answer
Illegal and parallel channel for foreign exchange transactions
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