Multiple choice

Black money is

  1. counterfeit currency

  2. illegally earned money

  3. income on which payment of tax is evaded

  4. money earned through underhand deals
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Black money is income on which tax has been evaded - it's legally earned but illegally concealed from tax authorities. Counterfeit currency is fake money, not undeclared income. Money from underhand deals is one source of black money, but 'black money' specifically refers to the tax evasion aspect, not how it was obtained.

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