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


  • Options
  • A. Economic recession
  • B. Political instability
  • C. Structural adjustment programmes
  • D. Growing social inequality

  • Correct Answer
  • 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.

     

  • Tags: Bank Exams

    Basic General Knowledge problems


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    • 1. Which Indian social theorist had argued that the idea of a homogenized the 'cultural arrogance of post-enlightenment Europe'?

    • Options
    • A. Ashis Nandy
    • B. Partha Chatterjee
    • C. T.K.Oommen
    • D. Rajni Kothari
    • Discuss
    • 2. Which European traveller had observed,"A Hindu woman can go anywhere alone, even in the most crowded places, and she need never fear the impertinent looks and jokes of idle loungers"?

    • Options
    • A. Francois Bernier
    • B. Jean-Baptiste Tavernier
    • C. Thomas Roe
    • D. Abbe J.A. Dubois
    • Discuss
    • 3. Prahaar' is

    • Options
    • A. a battle tank
    • B. a surface-to-surface missile
    • C. an aircraft carrier
    • D. a submarine
    • Discuss
    • 4. The mobile app 'cVIGIL' is helpful in

    • Options
    • A. conducting free and fair e-tendering process in government offices
    • B. fighting against corruption in public services
    • C. removing garbage from the muncipal areas
    • D. reporting violation of model code of conduct in election bound States
    • Discuss
    • 5. Who amongst the following organized the All India Scheduled Castes Federation?

    • Options
    • A. Jyotiba Phule
    • B. Periyar
    • C. B.R. Ambedkar
    • D. M.K. Karunanidhi
    • Discuss
    • 6. Which one of the following canons of taxation was not advocated by Adam Smith?

    • Options
    • A. Canon of equity
    • B. Canon of certainty
    • C. Canon of convenience
    • D. Canon of fiscal adequacy
    • Discuss
    • 7. Which Arab scientist could be given the credit of christening the mathematical discipline of algorithm?

    • Options
    • A. Al-Khwarizmi
    • B. Ibn al -Haytham
    • C. Ibn Rushd
    • D. Ibn Sina
    • Discuss
    • 8. Which one of the following issues was included in the Indo-US Nuclear Agreement of 2007?

    • Options
    • A. India has 'advance right to reprocess' US-origin safeguarded spent fuel.
    • B. India did not have the right to build a strategic fuel reserve with the help of the other supplier countries
    • C. India should not test a nuclear device
    • D. The US will impede with the growth of India's nuclear weapons programme.
    • Discuss
    • 9. Which of the following statements about Alladi Krishnaswami Ayyar, as a drafting member of the Constitution of India, are correct?1. He favoured the role of the Supreme Court in taking important decisions related to the interpretation of the Constitution of India.2. He felt that the Supreme Court had to draw the line between liberty and social control.3. He believed in the dominance of the executive over the judiciary.4. He favoured a dictatorial form of governance.Select the correct answer using the code given below.

    • Options
    • A. 1 and 2 only
    • B. 1, 2 and 3
    • C. 3 and 4
    • D. 1,2 and 4
    • Discuss
    • 10. The South China Sea Dispute involves which of the following countries?1. China2. Vietnam3. Malaysia4. IndonesiaSelect the correct answer using the code given below.

    • Options
    • A. 1 and 4
    • B. 1 and 2 only
    • C. 1, 2 and 3
    • D. 2, 3 and 4
    • Discuss


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