A) Makes the economy more competitive
B) Makes the monetary policies less effective
C) Ensure a better distribution of income and wealth
D) Ensure & increasing productive investment
Correct Answer: B
Solution :
Black Money is the unaccounted money concealed from the tax authorities. The black money runs a parallel economy adversely affecting the distribution of wealth & income in the economy. The total amount of black money globally is estimated between $ 2.1 and 2.5 trillion. This is roughly about seven percent of the world's GDP.
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