2010 · Q115
Consider the following statements :
- 1The current global economic crisis owes its genesis to the subprime crisis in the United States.
- 2The Indian economy is showing a faster recovery from the economic crisis than its western counterparts.
Which of the statements given above is/are correct?
General KnowledgeEconomics
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
The 2008 crisis began with the US subprime meltdown (1 true); India recovered faster than western economies (2 true).