Economics · Indian Economy
What is meant by the term 'Black Money'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is unaccounted income on which income tax has not been paid✓
- 2It is currency notes that are physically soiled or damaged
- 3It is money earned through legal foreign trade
- 4It is counterfeit currency notes
Correct answer
It is unaccounted income on which income tax has not been paid
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