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 Union2. makes the countries of the European Union to share their infrastructure facilities3. enables the countries of the European Union to share their technologiesHow many of the above statements are correct?

Question

Accepted Answer

Only one. The correct answer is Only one. Statement 1 is correct. The Pact limits the budget deficit, with 3% of GDP as the reference value. Statements 2 and 3 are wrong. The European Parliament's list of the Pact's measures covers budget surveillance, the excessive deficit procedure, sanctions and budget-framework rules. It has no tool for sharing infrastructure or technology. UPSC's official Series A key gives the same answer. Read more: The EU's Stability and Growth Pact.

The European Council adopted its Resolution on the Stability and Growth Pact in which city and year?

Keep practicing

Beyond the answer

Leave a ReplyCancel reply

Discover more from MCQ Questions