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Question

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

Answer:

A

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Explanation:

Statement 1 is correct. The Stability and Growth Pact of the European Union sets limits on the levels of budgetary deficits for EU member countries. It aims to promote fiscal discipline and stability within the EU.

Statements 2 and 3 are incorrect. The Stability and Growth Pact does not involve sharing infrastructure facilities or technologies among EU countries. Its focus is primarily on fiscal policies and budgetary discipline.

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