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Consider the following statements regarding Corona bonds:
The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects.
It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries.
Q. Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Corona bonds: The Europ...
Corona bond is a proposed debt instrument in Euro-Zone that uses a common currency. It is not proposed in the European Union. The Euro-zone is a geographical and economic zone consisting of EU member states which have adopted the Euro as their common currency. The Euro-zone is the concrete evidence of European integration, and 19 countries out of 28 EU members adopted the Euro as their common currency. So,
statement 1 is not correct.
The Euro-zone is to issue debt through its bailout fund jointly. It has done so in the past through the European Stability Mechanism, which borrows on the market against the security of its capital provided by Euro-zone governments. It is about pooling liabilities and not channelling funds from one country to another. So, statement 2 is not correct.
Therefore, the correct answer is (d)
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Community Answer
Consider the following statements regarding Corona bonds: The Europ...
Corona Bonds
• Corona bonds are a proposed debt instrument floated by the European Union to fight the Covid-19 pandemic and its effects.
• The idea behind Corona bonds is to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries.
Statements Regarding Corona Bonds
• Statement 1: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects.
- This statement is incorrect as the European Union has not yet floated Corona bonds. The proposal for Corona bonds has faced opposition from some of the EU member states.
• Statement 2: It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries.
- This statement is also incorrect as the proposal for Corona bonds is to issue debt that would be jointly guaranteed by all EU member states, instead of relying on funds from more affluent countries.
Conclusion
Neither of the statements is correct as the proposed Corona bonds have not been floated yet, and their design is different from what is mentioned in the second statement.
• Corona bonds are a proposed debt instrument floated by the European Union to fight the Covid-19 pandemic and its effects.
• The idea behind Corona bonds is to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries.
Statements Regarding Corona Bonds
• Statement 1: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects.
- This statement is incorrect as the European Union has not yet floated Corona bonds. The proposal for Corona bonds has faced opposition from some of the EU member states.
• Statement 2: It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries.
- This statement is also incorrect as the proposal for Corona bonds is to issue debt that would be jointly guaranteed by all EU member states, instead of relying on funds from more affluent countries.
Conclusion
Neither of the statements is correct as the proposed Corona bonds have not been floated yet, and their design is different from what is mentioned in the second statement.
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Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer?
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Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer?.
Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding Corona bonds: The European Union has floated Corona bonds to fight the Covid-19 pandemic and its effects. It is designed to support governments in economically weaker countries in the European Union by channelling funds from more affluent countries. Q. 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 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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