UPSC PRELIMS · ECONOMICS · EUROPEAN UNION — FISCAL POLICY
Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that 1. limits the levels of the budgetary deficit of the countries of the European Union 2. makes the countries of the European Union to share their infrastructure facilities 3. enables the countries of the European Union to share their technologies How many of the above statements are correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
The EU Stability and Growth Pact sets fiscal limits such as deficit and debt rules; it does not require member states to share infrastructure or technology. Hence only statement 1 is correct.
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