| 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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