General Awareness Questions

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: See Answer
 
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.
 

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