What is Black Money ?
Correct answer: A. Income on which payment of tax is usually evaded
- A. Income on which payment of tax is usually evaded
- B. Illegally earned money
- C. Money earned through underhand deals
- D. None of these
Explanation
Black money generally means income that is concealed to evade tax, so it remains outside the official tax records. Illegally earned money may be black money, but tax evasion is the defining feature in this context.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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