Sawaal
1
Q:

Sub-prime crisis' is a term associated with which one of the following events?

A) Economic recession B) Political instability
C) Structural adjustment programmes D) Growing social inequality

Answer:   A) Economic recession



Explanation:

The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 –June 2009.It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

 

Subject: General Awareness
Exam Prep: Bank Exams
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