SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    Tobin tax will be advantageous in many contexts which includes:
    1. It will bring revenue to the government
    2. It will broaden the tax system
    3. It will regulate FDI in the country.
    Which of these statements is/are correct?

    A)  Only 1 and 3    

    B)  Only 1 and 2

    C)  All 1, 2 and 3   

    D)  Only 2 and 3

    Correct Answer: B

    Solution :

    [b] A Tobin tax, suggested by Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.

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