Question
Paraellel economy emerges due to
Answer: Option B
Answer: (b)
A parallel economy (black economy) indicates the functioning of an unsanctioned sector in the economy whose objectives run parallel with the social objectives.
A major contributory factor to such an economy is black money which is any money that a person or an organization acquires by a means that involves tax evasion.
It is that income from illegal activities that are not reported to the government for tax purposes.
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Answer: (b)
A parallel economy (black economy) indicates the functioning of an unsanctioned sector in the economy whose objectives run parallel with the social objectives.
A major contributory factor to such an economy is black money which is any money that a person or an organization acquires by a means that involves tax evasion.
It is that income from illegal activities that are not reported to the government for tax purposes.
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