Economics · Black Money

What is 'Black Money' in economic terms?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Demonetized currency notes that are no longer legal tender
2Funds allocated exclusively for legal welfare schemes
3Currency issued by foreign central banks illegally
4Unaccounted money concealed from tax authorities✓

Correct answer

Unaccounted money concealed from tax authorities

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What is 'Black Money' in economic terms?

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