“Black Money” is an important topic that students may be asked to write a paragraph about in school exams. Black money is earned through illegal methods, hidden to avoid taxes, and harms the country’s economy and development. Please check the various versions (in 100 words, 150 words, 200 words, and 300 words) provided below for the paragraph.
Paragraph on ‘Black Money’ in 100 words
Black money is money that is earned through illegal or dishonest ways. People who have black money hide it from the government so they don’t have to pay taxes. This money is not part of the legal system. It can come from things like cheating, selling illegal items, or not following the rules. Black money is bad because it harms the country. It means the government has less money to build roads, schools, and hospitals. Everyone should earn money honestly and pay taxes to help make the country better.
Paragraph on ‘Black Money’ in 150 words
Black money refers to money that people earn illegally and hide from the government. It is often earned by breaking the law, like cheating or selling things that are not allowed. Some people keep this money secret so they don’t have to pay taxes. When they do this, they take away money that could be used for the country’s development. For example, the government uses taxes to build schools, and roads, and provide health services. If people hide black money, there is less money for these important things. Black money also makes the economy unfair. Everyone should work honestly and pay taxes so that the country can grow and help all its citizens.
Paragraph on ‘Black Money’ in 200 words
Black money is money earned in ways that are not allowed by law. People who have black money hide it from the government so they don’t have to pay taxes. This can happen in many ways, like selling illegal products or not reporting all their earnings. When people keep black money, it hurts the country because the government loses out on taxes. Taxes are very important because they help pay for things like schools, hospitals, and roads. Without enough money, the government can’t provide these important services for people.
Black money also creates unfairness in society. People who earn money in honest ways have to pay taxes, while those who keep black money do not. This makes the rich richer and the poor poorer. The country’s economy suffers when black money is used. It is very important for everyone to earn money honestly and to pay taxes. By doing this, we can make sure the country gets the money it needs to improve and provide for everyone.
Paragraph on ‘Black Money’ in 300 words
Black money refers to money that people earn through illegal or dishonest ways and try to hide from the government. The people who have black money often keep it secret so they don’t have to pay taxes. This can happen when people cheat or do something wrong to make money. For example, selling illegal goods or not reporting all the money they make is a way of earning black money. Some people even keep money in foreign banks, far away from the government’s reach.
When black money is hidden, it can cause a lot of problems for a country. The government needs money to build schools, hospitals, and roads. Taxes are how the government gets money to help the people, but when people hide black money, there is less money for these important things. This means people might not get the services they need, and the country cannot develop properly.
Black money also creates an unfair system. Those who earn money honestly pay taxes, but people with black money don’t have to. This makes the rich even richer and leaves others without help. The economy suffers, and people become unhappy. If everyone paid their taxes honestly, the country would be able to grow, and everyone would benefit. To fight black money, the government needs to catch those who hide it, and for everyone to earn money fairly and honestly. This will help the country become better and stronger.
MCQ’s on ‘Black Money’
1. What is black money?
A) Money earned legally
B) Money earned through illegal or dishonest ways
C) Money saved in banks
D) Money used for charity
2. Why do people hide black money?
A) To help the government
B) To avoid paying taxes
C) To make donations
D) To spend on their businesses
3. What harm does black money cause to the country?
A) It helps the economy
B) It reduces money for important services
C) It increases the number of jobs
D) It improves the country’s development
4. How does black money affect fairness in society?
A) It makes everyone equal
B) It helps poor people
C) It makes the rich richer and the poor poorer
D) It does not affect fairness
5. What is a way black money can be hidden?
A) By spending it in the country
B) By hiding it in foreign banks
C) By donating it to charity
D) By investing in businesses
6. Why is paying taxes important?
A) It makes people richer
B) It helps build schools, hospitals, and roads
C) It helps people avoid working
D) It helps people spend more money
7. What can happen if black money is hidden from the government?
A) The government can build more schools
B) The economy becomes fairer
C) The country cannot develop properly
D) People will become wealthier
8. What happens when everyone pays their taxes honestly?
A) The country becomes stronger and better
B) The rich become poorer
C) The government loses money
D) The economy suffers
9. How can the government fight black money?
A) By encouraging more cheating
B) By catching those who hide it
C) By ignoring it
D) By increasing taxes
10. What should everyone do to help the country?
A) Spend more money
B) Earn money honestly and pay taxes
C) Hide money in banks
D) Ignore rules
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