What is recession? What is the cause for the present recession?
- 1 Answers
- 1268 Views
- I also Faced
- E-Mail Answers
Answer Posted / Ranjan Kishore
Recession refers to a significant decline in economic activity lasting more than a few months, typically defined as two consecutive quarters of negative GDP growth. The current recession, known as the Great Recession (2007-2009), was primarily caused by a financial crisis stemming from subprime mortgage lending and complex financial instruments like collateralized debt obligations (CDOs) and mortgage-backed securities (MBS).
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How do you handle criticisms?
What are your strengths and weaknesses? How will you overcome your weakness?
HI ,MY QUALIFICATION B.A. + PGDCA AND TRAINED ON JAVA . NOW I WANT TO KNOW TO GET JOB SOON WHICH COURSE I HAVE TO LEARN ?
What do you know about the recent satellite launch?
Do you acquire any knowledge on Computers? Elaborate it.
Recently what award has been given to SBI?
Tell about yourself and your family background?
Tell the basic difference between banking and finance?
What would you like to do - lead or follow?
What are your views on social networking sites?
What are the hurdles you faced in past job?
If Debentures Are Issued at Par and Redeemable at Par What Journal Entry Should Be Passed?
What is the current Cash Reserve Ratio?
How YOU prepared for interview?
Discuss risks that you have taken if your life?
