Choose the correct statements related to “Black money”
(a) These are assets not reported to the Government at the time of their generation.
(b) Estimate of black money in India for the year 1983 - 84 is 95% of GDP.
(c) “Tax havens” are typically big countries that impose a high tax on foreigners who decide to settle down.
1
(a) only
2
(b) only
3
(a) and (b) only
4
(b) and (c) only