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Drishti IAS - English (Information & Motivation)
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The correct answer is option (a).
Explanation⬇️
A Tobin tax is a proposed tax on international financial transactions, with an objective to discourage destabilizing speculation and volatility in the foreign exchange market.
It aims to discourage volatile short term capital flows or hot money which are speculative.
It is known after James Tobin who in 1972 proposed it and was a receipient of the Nobel Memorial Prize in Economics.
Formally, it is known as Financial Transactions Tax (FTT), and less formally known as Robin Hood Tax.
Therefore, option (a) is the correct answer.
Explanation⬇️
A Tobin tax is a proposed tax on international financial transactions, with an objective to discourage destabilizing speculation and volatility in the foreign exchange market.
It aims to discourage volatile short term capital flows or hot money which are speculative.
It is known after James Tobin who in 1972 proposed it and was a receipient of the Nobel Memorial Prize in Economics.
Formally, it is known as Financial Transactions Tax (FTT), and less formally known as Robin Hood Tax.
Therefore, option (a) is the correct answer.
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Drishti IAS - English (Information & Motivation)
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The correct answer is option (b) NCTE.
Explanation: The NCTE is a statutory body of Indian government set up in 1995 under the National Council for Teacher Education Act, 1993. It was established to formally oversee standards, procedures and processes in the Indian education system. Its headquarters are located in New Delhi.
Explanation: The NCTE is a statutory body of Indian government set up in 1995 under the National Council for Teacher Education Act, 1993. It was established to formally oversee standards, procedures and processes in the Indian education system. Its headquarters are located in New Delhi.
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