Question

Control measures of black market

Answer 1

A black market is economic activity that takes place outside government-sanctioned channels. Black market transactions usually occur “under the table” to let participants avoid government price controls or taxes

Answer 2

Construction is the main mode of black markets.

Hence, it is difficult to get a hold of even in the digital era.

However, now the government is trying to work that out and coming up with methods to take a preventive measure such as NST – National service tax.

It is one of the major change in terms of the credits. This is for the unreported incomes.