Which one of the following effects of creation of black mone

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Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?

I.A.S. (Pre) 2021

[Fiscal Policy, Inflation Planning and Banking]

Diversion of resources to the purchase of real estate and investment in luxury housing

Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc.

Large donations to political parties and growth of regionalism

Loss of revenue to the State Exchequer due to tax evasion

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