Which one of the following effects of creation of black money in India has been the main cause of worry to the Governmen...

Question

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?

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Answer

Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc.

Answer

Loss of revenue to the State Exchequer due to tax evasion

Answer

Diversion of resources to the purchase of real estate and investment in luxury housing

Answer

Large donations to political parties and growth of regionalism