UPSC 2021EconomyModerate

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?

a
Diversion of resources to the purchase of real estate and investment in luxury housing
b
Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc.
c
Large donations to political parties and growth of regionalism
d
Loss of revenue to the State Exchequer due to tax evasion
Indian EconomyBlack Money & Tax EvasionBlack moneyTax evasionGovernment revenueState ExchequerReal estateLuxury housingUnproductive activitiesPolitical donations

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