Economics · Public Finance and Taxation
Which of the following best describes the term 'Black Money'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It refers to foreign currency held without government permission.
- 2It is money generated exclusively through cybercrime.
- 3It refers to counterfeit or fake currency notes.
- 4It is unaccounted income on which tax has been evaded.✓
Correct answer
It is unaccounted income on which tax has been evaded.
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