Which of the following statements is incorrect in regards to Black money? Hawala

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Which of the following statements is incorrect in regards to Black money?

Hawala market has deep roots with this black money
It is unaccounted money which is concealed from tax authorities
All legal economic activities are dealt with this Black Money
It puts an adverse pressure on equitable distribution of wealth and income in the economy

Options:

A . 1 only

B . 3 only

C . 1 and 2

D . 1, 2 and 4

Answer: Option B
Answer: (b)Black money deals with all illegal economic activities

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