The existence of Black Money in the economy is recognized as a threat to the Indian economic system. Which of the following features is/are attributes of Black Money?
1. It refers to money generated through illegitimate means such as drug trade, crime, terrorism and corruption.
2. It includes counterfeit currency notes in circulation.
3. Wealth may have been generated through legitimate means but income thereon has not been declared nor the taxes due paid to the government.
4. None of the above.
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