UPSC CSE Prelims
Question 35
Consider the following statements :
The 'Stability and Growth Pact' of the European Union is a treaty that
- limits the levels of the budgetary deficit of the countries of the European Union
- makes the countries of the European Union to share their infrastructure facilities
- enables the countries of the European Union to share their technologies
How many of the above statements are correct?
View correct answer and explanation
Correct answer: A
Correct Option: A (Only one)
Explanation: The EU Stability and Growth Pact coordinates fiscal discipline, notably deficit and debt benchmarks; it is not a scheme to pool infrastructure or technologies.
Statement / Pair / Item-wise Analysis:
1. Correct/True - The pact disciplines Member State fiscal deficits, broadly using the 3% deficit and 60% debt reference values.
2. Incorrect/False - It does not require countries to share infrastructure facilities.
3. Incorrect/False - It does not mandate technology sharing among EU countries.
Option-wise Analysis:
A. Correct-exactly 1 of the 3 listed items satisfy the condition.
B. Incorrect-it counts 2, but only 1 qualify; item(s) 2, 3 do not.
C. Incorrect-it counts 3, but only 1 qualify; item(s) 2, 3 do not.
D. Incorrect-it counts 0, but items 1 qualify, giving 1.