Multiple choice

Tobin tax refers to

  1. Tax on Toxic goods

  2. Tax on goods that produce e–waste

  3. Tax on trade of currency

  4. Tax on migration services
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Tobin tax, proposed by Nobel laureate James Tobin in 1972, is a small levy on currency transactions in international financial markets. It aims to reduce speculative volatility and generate revenue for global development.

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