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?
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A hard International Relations multiple-choice question from UPSC Prelims 2023. Attempt it above, then check the correct answer and detailed explanation below.
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Correct answer: A. Only one
Only statement 1 is correct — the EU's Stability and Growth Pact is a fiscal rule that limits member states' budget deficits (and debt). It does not deal with sharing infrastructure or technology.
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