Q. Originally proposed by James Tobin, the Tobin tax was intended to be applied on which type of transactions?
Answer: Foreign Exchange Transactions
Notes: The Tobin tax, named after the economist James Tobin, was a proposal aimed specifically at taxing transactions of currency exchanges. Its primary goal was to curb short-term currency speculation, thereby stabilizing foreign exchange markets. Though it hasn't been widely implemented, the concept has influenced many wider financial transaction taxes.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 13 in 42. India's Tax Regime in above course in App.