EU Stability and Growth Pact — limits budgetary deficit, sharing infrastructure, sharing technologies
Question
Consider the following statements: The 'Stability and Growth Pact' of the European Union is a treaty that How many of the above statements are correct?
- 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
Options
Only one
Only two
All three
None
Explanation
Only statement 1 is correct. The EU's Stability and Growth Pact is a set of rigid fiscal rules designed to maintain Economic and Monetary Union stability. It strictly limits a member state's budgetary deficit to 3% of GDP and public debt to 60%. It contains zero mandates for sharing physical infrastructure or proprietary technologies.
Answer: (a).
Question details
Year
2023
Paper
GS Paper 1
Question
Q89
Subject
International Relations
Sub-topic
Global Economic Governance
Type
How-many counting
Difficulty
Medium
Nature
Static
Source hint
European Union Stability and Growth Pact Eurozone Rules
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