Great Recession Trivia Quiz

Questions : 15 | Total Attempts: 657 | Recent Updated: 04-May-2020
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Economy is one of the very important part for any country and even for the world. The economy and GDP are hit by several bad factors that give a severe shock to the economy, country and World. The world has definitely faced many difficult situation. One such situation economy faced is Recession. This is one of the major threats to economy apart from inflation that actually troubles the situation for the innocent lives living in any particular country. Recession generally brings along with it a lot of destruction. Let us now have a look at the very amazing trivia quiz and see that how much you know about the Great Recession!

Questions Excerpt


1. When did the Great Depression started?

A. December 2000

B. November 2005

C. December 2007

D. December 2009

2. When did great Depression ended?

A. June 2009

B. July 2008

C. May 2009

D. April 2010

3. What was the global GDP decline?

A. -8.2%

B. -5.1%

C. -7.2%

D. -2.9%

4. What was the peak global unemployment?

A. 12%

B. 25%

C. 19%

D. 10%

5. How many jobs were shed?

A. 8.7 million

B. 7.8 million

C. 6.4 million

D. 3.9 million

6. What happened to gold prices?

A. Constant

B. Decrease

C. Increase

D. Zero

7. How long did it take to recover from 2008 recession?

A. 23 months

B. 48 months

C. 20 months

D. 52 months

8. What jobs were most affected by the recession?

A. Mutual funds

B. EMIs

C. Gold

D. Public Utility Services

9. How long does a recession last?

A. 12 months

B. 6 months

C. 2 months

D. 4 months

10. Which president caused the recession?

A. President Abraham Lincoln

B. Queen Elizabeth

C. President George W. Bush

D. None of the above

11. Who caused the 2008 crash?

A. Bursting of US housing bubble

B. Death of Abraham Lincoln

C. Sudden decrease in gold prices

D. Declining GDP

12. What was life like during the Great Depression?

A. No Food

B. No Shelter

C. No Clothes

D. Unemployment and wage cut

13. What really got us out of the Great Depression?

A. End of world war 2

B. Sharp cuts

C. Taxes And Regulation reduction

D. All of the above

14. What is the safest investment during a recession?

A. Federal Bonds

B. Municipal Bonds

C. Corporate Bonds

D. All of the above

15. How to get rich in Recession?

A. Leveraging equities

B. Shutting businesses

C. Both of them

D. None of the above

 

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