Current Affairs · Union Budget & Taxation
Consider the following statements: Statement I: In Budget 2026–27, Securities Transaction Tax (STT) on options premium has been raised from 0.1% to 0.15%. Statement II: Higher STT is aimed at curbing excessive speculation in the derivatives market. Which of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.✓
Correct answer
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
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