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?
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?
Options
Answer: Loss of revenue to the State Exchequer due to tax evasion
Explanation:
Black money leads to large-scale tax evasion, reducing government revenue and affecting public expenditure and fiscal stability.
Explanation:
Black money leads to large-scale tax evasion, reducing government revenue and affecting public expenditure and fiscal stability.
👉 Want AI explanation? Open in MCQ App
Recommended articles
- Medical Benefits Daily Mcq Practice Upsc — As a medical professional, I've witnessed firsthand how consistent learning patterns affect cognitive function. Daily MCQ practice isn't just about…
- Top 10 Daily Current Affairs Resources For Upsc Aspirants — Discover the best daily current affairs resources for UPSC 2026. Complete guide with The Hindu, PIB, Sansad TV, and 7 more proven sources. Expert…
- How To Cover Current Affairs For Upsc Prelims — Master UPSC Current Affairs with daily newspaper reading, Vision IAS monthly compilations, PT 365, and MCQ practice. Complete strategy guide for Prelims…