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Consider the following statements regarding Tobin Tax.
  1. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation.
  2. It is also known as a Financial Transactions Tax (FTT).
  3. It is seen as a means of controlling the stability of a given country’s currency.
Which of the above statements is/are correct?
  • a)
    1, 2 
  • b)
    1, 3 
  • c)
    2, 3 
  • d)
    1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Tobin Tax. The Tobin tax i...
  • The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation, named after economist James Tobin.
  • In contrast to a consumption tax paid by consumers, the Tobin tax is meant to apply to financial sector participants as a means of controlling the stability of a given country’s currency. It is more formally known today as a Financial Transactions Tax (FTT).
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Consider the following statements regarding Tobin Tax. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation. It is also known as a Financial Transactions Tax (FTT). It is seen as a means of controlling the stability of a given country’s currency.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding Tobin Tax. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation. It is also known as a Financial Transactions Tax (FTT). It is seen as a means of controlling the stability of a given country’s currency.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Tobin Tax. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation. It is also known as a Financial Transactions Tax (FTT). It is seen as a means of controlling the stability of a given country’s currency.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Tobin Tax. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation. It is also known as a Financial Transactions Tax (FTT). It is seen as a means of controlling the stability of a given country’s currency.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding Tobin Tax. The Tobin tax is a tax levied on spot currency conversions, with the intention of disincentivizing short-term currency speculation. It is also known as a Financial Transactions Tax (FTT). It is seen as a means of controlling the stability of a given country’s currency.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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