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All India PT Mock Test 2025 (OMR Based)

What is a recessionary phase in an economy? How is a technical recession different from a general recession?

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Category: Economy (GS -III),

Test Date: 14 Apr 2025

Approach

  • Define Recessionary Phase: Briefly explain what a recessionary phase is (decline in GDP/economic activity). Mention its position in the business cycle.
  • Explain General Recession
    • Based on broader economic indicators like GDP, employment, consumption, investment.
    • No fixed time frame; depends on depth, diffusion, and duration.
  • Explain Technical Recession
    • Specifically means two consecutive quarters of negative GDP growth.
    • Simpler to track but may ignore broader economic pain (like job losses, low demand).
  • Conclusion
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