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Consider the following statements with reference to the European Financial Stability Facility (EFSF):1. It is created as a temporary crisis resolution mechanism by the euro area member states to counter the debilitating effects of COVID-19 on the region’s economies.2. It provides financial assistance to euro countries through the issuance of bonds and other capital market instruments.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the European Financial Stability Facility (EFSF):1. It is created as a temporary crisis resolution mechanism by the euro area member states to counter the debilitating effects of COVID-19 on the region’s economies.2. It provides financial assistance to euro countries through the issuance of bonds and other capital market instruments.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the European Financial Stability Facility (EFSF):1. It is created as a temporary crisis resolution mechanism by the euro area member states to counter the debilitating effects of COVID-19 on the region’s economies.2. It provides financial assistance to euro countries through the issuance of bonds and other capital market instruments.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements with reference to the European Financial Stability Facility (EFSF):1. It is created as a temporary crisis resolution mechanism by the euro area member states to counter the debilitating effects of COVID-19 on the region’s economies.2. It provides financial assistance to euro countries through the issuance of bonds and other capital market instruments.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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