Current Affairs · Economic Policies & Funds
With reference to the Economic Stabilisation Fund (ESF), consider the following statements: I. It is intended to provide fiscal space for responding to global economic disruptions and unexpected sectoral shocks. II. The Fund is proposed to be managed under reserve funds administered by the Department of Economic Affairs. III. The corpus of the Fund is proposed to be created entirely through external commercial borrowings. Which of the statements given above is/are correct?
- 1I and II only✓
- 2II and III only
- 3I and III only
- 4I, II and III
Correct answer
I and II only
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