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. income

D. property

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

The 'GDP deflator' is a price index that measures:

A. only wholesale prices

B. only food prices

C. only consumer prices

D. prices of all domestically produced final goods and services

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Correct Answer: Option D

Explanation:
GDP deflator measures the average price of all final goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Code on Wages' was passed in which year?

A. 2020

B. 2021

C. 2017

D. 2019

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Correct Answer: Option D

Explanation:
The Code on Wages was passed in 2019.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on milk is:

A. 0%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option A

Explanation:
Fresh milk is exempt from GST.

This question belongs to: Economy GK Economy Set 1

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