UPSC Previous Year Question | Prelims GS | 2023

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?

  1. Only one
  2. Only two
  3. All three
  4. None

Answer

Correct Answer

Only one

Explanation

Only statement 1 is correct: the Stability and Growth Pact sets limits on the budgetary deficits and public debt levels of EU member countries to ensure fiscal discipline. It does not deal with sharing infrastructure facilities or technologies.

Topics: economy, mining sector, minor minerals, state regulatory powers