Question
Consider the following statements: 1. The idea
of Tobin Tax was to end the speculation and volatility in the stock prices of the secondary market. 2. Scarcity of dollars in the Indian market are favorable for the exporters and not for the importers. 3. Nominal Exchange rate considers the purchasing power of the country and excludes the effects of Inflation. Which of the statements given above is/are incorrect?Solution
тЧП Statement 1 is incorrect: The currency exchange transactions may cause volatility in the exchange rates due to speculative trading leading to appreciation or depreciation in the value of a currency as the case may be. Currency exchange transactions done by the authorized currency dealers are subjected to GST. Tobin tax was suggested to avoid speculation and volatility in the currency exchange market. It does not deal with the volatility in the stock market. тЧП Statement 2 is correct: Scarcity of Dollar in Indian market in relation to its demands leads to appreciation in the price of dollar and depreciation in the Indian rupee with respect to dollars. This situation is not favorable for the importers as for goods worth 1 dollar, more rupees are to be spent. However, this benefits the exporters, as their goods appear cheaper in the international market. тЧП Statement 3 is incorrect: Nominal Exchange rate refers to the price of a currency of a country with respect to Dollar. It is not adjusted for the effects of inflation and the purchasing power of the country.
рдкреНрд░рд╢рд╛рд╕рди рдиреЗ рдШреЛрд╖рдгрд╛ рдХреА рдХрд┐ тАШ рд╢рд╣рд░ рдореЗрдВ рдЬрд▓рд╛рдкреВрд░реНрддрд┐ рд╡реНрдпрд╡рд╕реНрдерд┐рдд рдХреА рдЬрд╛...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдкреНрд░рддреНрдпреЗрдХ рдкреНрд░рд╢реНрди рдХреЛ рдЪрд╛рд░ рднрд╛рдЧреЛрдВ рдореЗрдВ рдмрд╛рдБрдЯрд╛ рдЧрдпрд╛ рд╣реИя┐╜...
рджрд┐рдпреЗ рд╡рд╛рдХреНрдпреЛрдВ рдореЗрдВ рд╕реЗ рдПрдХ рд╡рд╛рдХреНрдп рд╕рд╣реА рд╣реИрдВ, рд╕рд╣реА рд╡рд╛рдХреНрдп рдЪреБрдирд┐рдП...
рджрд┐рдП рдЧрдП рд╡рд╛рдХреНрдп рдХрд╛ рд╡рд╣ рднрд╛рдЧ рдЬреНрдЮрд╛рдд рдХрд░реЗрдВ , рдЬрд┐рд╕рдореЗрдВ рдХреЛрдИ рддреНрд░реБрдЯрд┐ рд╣реИред
...рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдкреНрд░рддреНрдпреЗрдХ рдкреНрд░рд╢реНрди рдХреЛ рдЪрд╛рд░ рднрд╛рдЧреЛрдВ рдореЗрдВ рдмрд╛рдБрдЯрд╛ рдЧрдпрд╛ рд╣реИя┐╜...
рджрд┐рдП рдЧрдП рд╡рд╛рдХреНрдп рдореЗрдВ рд░реЗрдЦрд╛рдВрдХрд┐рдд рд╢рдмреНрдж рдХреЗ рд▓рд┐рдП рд╕рд░реНрд╡рд╛рдзрд┐рдХ рдЙрдкрдпреБрдХреНрдд рд╢рдм...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдкреНрд░рддреНрдпреЗрдХ рдкреНрд░рд╢реНрди рдХреЛ рдЪрд╛рд░ рднрд╛рдЧреЛрдВ рдореЗрдВ рдмрд╛рдВрдЯрд╛ рдЧрдпрд╛ рд╣реИя┐╜...
рдиреАрдЪреЗ рджрд┐рдпрд╛ рдЧрдпрд╛ рд╡рд╛рдХреНрдп рдЪрд╛рд░ рднрд╛рдЧреЛрдВ рдореЗрдВ рдмрд╛рдБрдЯрд╛ рдЧрдпрд╛ рд╣реИ ( A), (B), (C), рдФрд░ ( D) я┐╜...
рдиреАрдЪреЗ рджрд┐рдпрд╛ рдЧрдпрд╛ рд╡рд╛рдХреНрдп рдЪрд╛рд░ рднрд╛рдЧреЛрдВ рдореЗрдВ рдмрд╛рдБрдЯрд╛ рдЧрдпрд╛ рд╣реИ ( A), (B), (C), рдФрд░ ( D) я┐╜...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рд╡рд╛рдХреНрдп рдореЗрдВ рдХреБрдЫ рдЕрдХреНрд╖рд░/рд╢рдмреНрдж рдореЛрдЯреЗ рдЕрдХреНрд╖рд░реЛрдВ рдореЗрдВ рджрд░реНя┐╜...