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UPSC 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?
(a)Only one
(b)Only two
(c)All three
(d)None
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Not attemptedCorrect Answer: (a) Only one
The Stability and Growth Pact sets fiscal discipline rules for EU members, capping budget deficits at 3 % of GDP and public debt at 60 % of GDP, so Statement 1 is correct. It does not mandate sharing of infrastructure facilities or technologies among member states, making Statements 2 and 3 incorrect; hence only one of the three statements is correct. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Stability_and_Growth_Pact?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2023 Indian Economy question?▼
The correct answer is option (a): Only one. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2023, GS Paper 1, as Question 89. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Fiscal Policy & Budget?▼
UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.