The 'Tobin tax' is a proposed tax on: MCQ with Answer and Explanation

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The 'Tobin tax' is a proposed tax on:

A. imports

B. short-term foreign exchange transactions

C. property

D. income

Answer: Option B

Solution (By JKSSB Mock Tests)

A Tobin tax is a tax on short-term foreign exchange transactions to reduce speculative flows.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The corporate tax rate for existing domestic companies that opted for concessional regime under Taxation Laws Amendment Act 2019 is:

A. 30%

B. 15%

C. 25%

D. 22%

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Correct Answer: Option D

Explanation:
The concessional corporate tax rate for existing domestic companies is 22% plus surcharge and cess.

This question belongs to: Economy GK Economy Set 1

Question #2

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Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:

A. devaluation

B. depreciation

C. revaluation

D. appreciation

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Correct Answer: Option B

Explanation:
A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Career Service' portal is an initiative of:

A. Ministry of Finance

B. Ministry of Education

C. Ministry of Labour and Employment

D. NITI Aayog

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Correct Answer: Option C

Explanation:
National Career Service is an initiative of the Ministry of Labour and Employment.

This question belongs to: Economy GK Economy Set 1

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