"Black money one of the reasons for price rise." Explain
Answers
Question : Black money is one of the reason for price rise . Explain
Answer: black money is unaccounted money many kilometres action are not mentioned in the books of account to a taxation excess income is hidden in the form of black money first black money.
1. Black money constitutes parallel economy in India where by such person invest in land and real estate or they lend money to those who in village in unfair trade like smuggling and speculative trade
2. They are afraid of being caught and therefore prefer to spend money on luxurious Lifestyle they store their money outside the country in foreign banks.
3. In this way black money is a contributing factor to the price rice.
Answer:
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Explanation:
▶️ Black money is unaccounted money. Many economic transactions are not mentioned in the books of account to invade taxation. Excess income is hidden in the form of Black money. Black money constitutes parallel economy in India wereby such person invest in land and real estate or they lend money to indulge in unfair trades. They are afraid of being caught and therefore prefer to spend money on luxurious lifestyle. They store their money outside the country in foreign banks. In this way black money is a contributing factor to price rise.
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