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Home› UPSC CSE› Prelims GS Paper I› 2016 questions› Question 90

UPSC CSE Prelims

Subject: Current Affairs Chapter: International Organisations

2016 PYQ

Question 90

'European Stability Mechanism', sometimes seen in the news, is an

Choose one answer Aagency created by EU to deal with the impact of millions of refugees arriving from Middle East Bagency of EU that provides financial assistance to eurozone countries Cagency of EU to deal with all the bilateral and multilateral agreements on trade Dagency of EU to deal with the conflicts arising among the member countries

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Correct answer: B

Correct Option: B Explanation: The European Stability Mechanism (ESM) is the euro-area permanent crisis-resolution financial institution, providing conditional assistance to eurozone states in financing difficulty. Option-wise Analysis: A: Incorrect - Refugee-response coordination is unrelated to its financial-stabilisation mandate. B: Correct - Correct-it provides financial assistance/support to euro-area countries under conditions. C: Incorrect - It is not a general EU trade-agreement negotiation agency. D: Incorrect - It is not a conflict-mediation or political dispute-settlement body. Review Note: Strictly, ESM is an intergovernmental euro-area institution, not an EU agency in the narrow legal sense; this is the intended 2016 option.

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