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Economic Security and Black Money · IB ACIO · Question 10 of 30

Economic Security and Black Money: A Hawala transaction is best described as

Step-by-step solution. Economic Security and Black Money for IB ACIO.

Topic
Economic Security and Black Money
Subject
General Studies
Difficulty
Easy
Solve Time
45-60 sec

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Q · Economic Security and Black MoneyEasy · 45s

A Hawala transaction is best described as:

TopicEconomic Security and Black Money
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.25
From TestChapter Test 1 (Chapter Test)
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Hawala is an informal, trust-based, off-the-books remittance channel.

Final Answer: Option C - An informal, trust-based remittance system
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A Hawala transaction is best described as - Economic Security and Black Money (General Studies) Solved Question