BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Absolute Zero
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Amplitude
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Soft patch
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Buoyancy
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Detailed explanation-1: -What Is a Soft Patch? The term “soft patch” refers to a period in which the economy has slowed down amidst a larger trend of economic growth. The term is often used informally in the financial media and in statements issued by the U.S. Federal Reserve when describing periods of economic weakness.
Detailed explanation-2: -: a plate and gasket used as a temporary repair to cover a break or hole in a ship’s hull.
Detailed explanation-3: -An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole fulfill the needs of those living and operating within it.
Detailed explanation-4: -Inflation is the general rise in the prices of goods and services in an economy, over a period of time.