Q. Which of the following statements is/are correct about “Tobin tax”?
1. It is a tax imposes on all foreign exchange transactions.
2. It is not implemented anywhere in the world till now.
Select the correct answer using the codes given below: 
Answer: C
Notes:
It is a proposal of imposing small tax on all foreign exchange transactions with the objective to discourage destabilizing speculation and volatility in the foreign exchange markets.
Proposed by the Nobel prize-winning economist James Tobin (1918– 2002), the tax has never been implemented anywhere in the world so far.
Source: Ramesh Singh
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