Consider the following statements .

Question

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

Answer 1

Answer:(a) Only one

The statement that the 'Stability and Growth Pact' of the European Union limits the levels of the budgetary deficit of the countries of the European Union is correct. The pact aims to ensure fiscal discipline and stability by setting limits on budget deficits and public debt levels.

The statement that the 'Stability and Growth Pact' makes the countries of the European Union share their infrastructure facilities is incorrect. The pact primarily focuses on fiscal policies and does not involve sharing infrastructure facilities.

The statement that the 'Stability and Growth Pact' enables the countries of the European Union to share their technologies is also incorrect. The pact does not specifically address or facilitate the sharing of technologies among member countries.