RRaahUPSC
2016 · Current AffairsPrevious Year Question
Q7.
'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 conflicts arising among the member countries
Answer

B

Explanation

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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