Black Money in India: Checkpoint 1

Quick checkpoint - five questions on black money, its sources, real estate, hawala and round-tripping.

Question 1 of 5 What is black money?

Income or wealth hidden from tax Printed money Foreign currency Old notes

It can come from legal or illegal activity.

Question 2 of 5 Which sector historically had cash components in deals?

Real estate Railways Post offices Stock exchanges

Circle rates set minimum values.

Question 3 of 5 How does hawala work?

Brokers pay out without moving money physically Banks wire money Cash is flown across borders Through UPI

It's illegal in India.

Question 4 of 5 What is round-tripping?

Sending money abroad and bringing it back as foreign investment A travel package A tax refund A loan

Mauritius was a popular route.

Question 5 of 5 What share of demonetised notes returned to banks?

About 99% About 50% About 10% None

Most black money wasn't in cash.

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