|Which of the following statements is/are correct?|
|1. European Central Bank (ECB) has announced the new bond buying programme called Outright Monetary Transactions (OMT).|
|2. ECB includes unlimited purchases of bond with period of 1-3 years, subject to conditionality.|
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :[c] A necessary condition for OMT is strict and effective conditionality attached to an appropriate European Financial Stability Facility European Stability Mechanism (EFSFIESM) programme.
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