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7) In your opinion, why does black money thrive in Indian economy? Explain the nature of black money that is circulated in India and examine if encouraging more and more cashless transactions will be effective in curbing its growth and circulation.

Topicmoney-laundering and its prevention 

7) In your opinion, why does black money thrive in Indian economy? Explain the nature of black money that is circulated in India and examine if encouraging more and more cashless transactions will be effective in curbing its growth and circulation. (200 Words)

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