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UPSC Exam  >  UPSC Questions  >  ‘European Stability Mechanism’, s... Start Learning for Free
‘European Stability Mechanism’, sometimes seen in the news, is an
  • a)
    agency created by EU to deal with the impact of millions of refugees arriving from Middle East
  • b)
    agency of EU that provides financial assistance to eurozone countries
  • c)
    agency of EU to deal with all the bilateral and multilateral agreements on trade
  • d)
    agency of EU to deal with the conflict arising among the member countries
Correct answer is option 'B'. Can you explain this answer?
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‘European Stability Mechanism’, sometimes seen in the news...
The European Stability Mechanism is a European Union agency that provides financial assistance, in the form of loans, to eurozone countries or as new capital to banks in difficulty.
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‘European Stability Mechanism’, sometimes seen in the news...
SARS-CoV-2 is the virus that causes COVID-19. It is a member of the coronavirus family, which also includes viruses that cause the common cold. SARS-CoV-2 is highly contagious and can be transmitted through respiratory droplets when an infected person coughs, sneezes, talks, or breathes. It primarily infects the respiratory system and can cause symptoms such as fever, cough, shortness of breath, fatigue, and loss of taste or smell. In severe cases, it can lead to pneumonia, acute respiratory distress syndrome (ARDS), organ failure, and death. It is important to practice preventive measures such as wearing masks, practicing social distancing, washing hands frequently, and getting vaccinated to reduce the spread of SARS-CoV-2.
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Climate change is a complex policy issue with major implications in terms of finance. All actions to address climate change ultimately involve costs. Funding is vital for countries like India to design and implement adaptation and mitigation plans and projects. Lack of funding is a large impediment to implementing adaptation plans. The scale and magnitude of the financial support required by developing countries to enhance their domestic mitigation and adaptation actions are a matter of intense debate in the multilateral negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) The Convention squarely puts the responsibility for provision of financial support on the developed countries, taking into account their contribution to the stock of greenhouse gases (GHGs) in the atmosphere. Given the magnitude of the task and the funds required, domestic finances are likely to fall short of the current and projected needs of the developing countries. Global funding through the multilateral mechanism of the Convention will enhance their domestic capacity to finance the mitigation efforts.Q. Two cities A and B are 360 km apart. A car goes from A to B with a speed of 40 km/hr and returns to A with a speed of 60 km/hr. What is the average speed of the car?

Climate change is a complex policy issue with major implications in terms of finance. All actions to address climate change ultimately involve costs. Funding is vital for countries like India to design and implement adaptation and mitigation plans and projects. Lack of funding is a large impediment to implementing adaptation plans. The scale and magnitude of the financial support required by developing countries to enhance their domestic mitigation and adaptation actions are a matter of intense debate in the multilateral negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) The Convention squarely puts the responsibility for provision of financial support on the developed countries, taking into account their contribution to the stock of greenhouse gases (GHGs) in the atmosphere. Given the magnitude of the task and the funds required, domestic finances are likely to fall short of the current and projected needs of the developing countries. Global funding through the multilateral mechanism of the Convention will enhance their domestic capacity to finance the mitigation efforts.Q. In this passage, the Convention puts the responsibility for the provision of financial support on the developed countries because of1. their higher level of per capita incomes. 2. their large quantum of GDP. 3. their large contribution to the stock of GRGs in the atmosphere. Select the correct answer using the code given below

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‘European Stability Mechanism’, sometimes seen in the news, is ana)agency created by EU to deal with the impact of millions of refugees arriving from Middle Eastb)agency of EU that provides financial assistance to eurozone countriesc)agency of EU to deal with all the bilateral and multilateral agreements on traded)agency of EU to deal with the conflict arising among the member countriesCorrect answer is option 'B'. Can you explain this answer?
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