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Indian Economic Policy

Notes 3. Informal Economy : The "informal economy" comprises those economic activities that
circumvent the costs and are excluded from the benefits and rights
incorporated in the laws and administrative rules covering property
relationships, commercial licensing, labor contracts, torts, financial credit
and social security systems.
28.4 Review Questions

1. What do you mean by Parallel economy? Discuss.
2. How will you estimate the black money in India ? Explain.
3. Discuss the factors responsible for generation of Black money.
Answers: Self-Assessment

1. (i)(c) (ii)(d) (iii)(c) (iv)(b) (v)(a)
(vi)(e)
28.5 Further Readings

1. Indian Economy; Gaurav Datt and Aswani Mahajan; S. Chand and Company
LTD. Ram Nagar, New Delhi-110055.
2. The Indian Economy; S.K. Ray; Prentic, Hall of India Private Limited
New Delhi - 11001.

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