Consider the following statements:
1.The sub prime crisis which hit the U.S. economy was caused by the sudden increase in oil prices.
2.The crisis led to default in home loan repayment
3.It led to the failure of some U.S. banks
4.Sub prime crisis caused crash in Indian stock markets.
Which of the statement/s given above is/are correct?

2,3 and 4

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

1 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1,2,3 and 4

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2 and 4

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 2,3 and 4
Option: (a)

Suggest Corrections

Similar questions

Q. Which three causes led to the subsistence crisis in France during the old regime.

Q24. Consider the following statements about Credit Crunch:

1. An economic situation where banks and other financial institutions become extremely reluctant to provide loans to businesses.

2. An economic crisis where countries are not able to get funding from World Bank.

3. It also known as credit squeeze.

Which of the above statements are correct?

Q. Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.

Which of the statements given above is/are correct?

Q12. Consider the following statements about Liquidity Crisis:

1. This refers to a situation where an individual, a business or a government is unable to gather enough cash to meet its payment obligations to lenders.

2. A liquidity crisis is similar to a solvency crisis.

Which of the above statements are correct?

Which of the following methods helps us to overcome the crisis of environmental pollution caused due to chemical fertilisers/pesticides?

Join BYJU'S Learning Program

The correct option is A 2,3 and 4 Option: (a)

The correct option is A 2,3 and 4
Option: (a)