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The ‘‘Stability and Growth Pact’’ of the European Union is a treaty that: 1. limits the levels of budgetary deficit of EU countries 2. makes EU countries share infrastructure 3. enables EU countries to share technologies How many of the above statements are correct?

UPSC · 2023 · International Relations
Question:
The ‘‘Stability and Growth Pact’’ of the European Union is a treaty that: 1. limits the levels of budgetary deficit of EU countries 2. makes EU countries share infrastructure 3. enables EU countries to share technologies How many of the above statements are correct?

Options

Only one
Only two
All three
None
Answer: Only one

Explanation:
Only the first statement is correct — the Stability and Growth Pact sets fiscal rules for EU countries on deficit and debt limits.

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