The Black Money Dilemma
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Questions and Answers

What is one of the causes of black money?

  • Effective anti-corruption measures
  • High government transparency
  • Stable and fair tax system
  • Tax evasion and fraud (correct)

    • Which factor is commonly associated with the creation of black money?

  • Stringent financial regulations
  • Transparent financial transactions
  • Underreporting of income (correct)
  • Ethical business practices

    • What kind of tax system can potentially lead to the generation of black money?

  • Complex and ambiguous tax system (correct)
  • Flat tax system
  • Progressive tax system
  • Simplified and transparent tax system

    • What are the causes of black money?

    Signup and view all the answers

    What is one common cause of black money?

    <p>Underreporting of income and assets</p> Signup and view all the answers

    Which factor is commonly associated with the creation of black money?

    <p>Corruption and bribery</p> Signup and view all the answers

    How does the informal economy contribute to the generation of black money?

    <p>By promoting cash transactions and underreporting of income</p> Signup and view all the answers

    What is a common method for generating black money?

    <p>Underreporting income and profits</p> Signup and view all the answers

    What type of financial activity is often associated with the creation of black money?

    <p>Money laundering</p> Signup and view all the answers

    What can contribute to the accumulation of black money?

    <p>Corruption and bribery</p> Signup and view all the answers

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