As per-recent reports, many countries are planning to introduce ‘Tobin Tax’ the idea of which was given by a Nobel Prize winner economist James Tobin in 1978. Tobin Tax, if implemented, will be levied on which of the following?
[A] Foreign exchange transactions
[B] All cash transactions
[C] On the interest income of corporates earned through major investments
[D] Services availed specifically by and elite group of people