Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?

Question

Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India? ​

CollectorBabu · Accepted Answer

Correct Answer: Loss of revenue to the State Exchequer due to tax evasion ​. The increase and spread of black money has a serious impact on the economy as it results in the reduction of government revenues. The black money is in such an amount that it is said that a separate economy including only black money is running parallel to the current Indian economy. If only some part of the black money which has been in circulation in the economy could have been paid as taxes to the government, it would have benefitted the Indian economy to a large extent.

Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?

Contact Information

Services

Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India? ​

Contact Information

Services

Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?