Syndicate Bank Interview Questions Answers
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Bank Interview Question Answers
Inflation
SBI Previous Paper | Marketing Aptitude | General Knowledge | SBI Clerk Exam
2008 |Bank PO Sample paper | SBI PO Previous Papers | Numerical Ability |
Marketing Aptitude | Reasoning Ability|...
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Bank Interview Question Answers
Inflation
SBI Previous Paper | Marketing Aptitude | General Knowledge | SBI Clerk Exam
2008 |Bank PO Sample paper | SBI PO Previous Papers | Numerical Ability |
Marketing Aptitude | Reasoning Ability| Computer Knowledge | Bank Clerical Previous
Papers | General Intelligence Ability | Authors and books based Question Papers |
Mathematical Aptitude
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Q 1.
What is Recession and How US slowdown hit Indian Economy?
Ans: In economics, the term recession generally describes the reduction of a country s
gross domestic product (GDP) for at least two quarters.
The usual dictionary definition is
"a period of reduced economic activity", a business cycle contraction.
The United States-based National Bureau of Economic Research (NBER) defines
economic recession as: "a significant decline in the economic activity spread across the
country, lasting more than a few months, normally visible in real GDP growth, real
personal income, employment (non-farm payrolls), industrial production, and wholesaleretail sales
In macroeconomics, a recession is a decline in a country s gross domestic product (GDP),
or negative real economic growth, for two or more successive quarters of a year.
An alternative, less accepted, definition of recession is a downward trend in the rate of
actual GDP growth as promoted by the business-cycle dating committee of the National
Bureau of Economic Research.
That private organization defines a recession more
ambiguously as "a significant decline in economic activity spread across the economy,
lasting more than a few months.
" A recession has many attributes that can occur
simultaneously and can include declines in coincident measures of activity such as
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