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

E None of the above

Answer & Explanation
Answer: Option [A]