Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

How is demonetization interpreted in terms of tax evasion?

Options:

It signals the acceptance of tax evasion by the government

It indicates a shift, suggesting that tax evasion will no longer be tolerated

It encourages tax evasion for those with black money

It has no impact on tax evasion

Correct Answer:

It indicates a shift, suggesting that tax evasion will no longer be tolerated

Explanation:

Demonetisation is also interpreted as a shift on the part of the government indicating that tax evasion will no longer be tolerated or accepted.