Which of the following sectors of US economy were passing through a phase of slow down recently and wanted US government to provide bail out packages to them?
(A) Agricultural sector
(B) Auto sector
(C) Banking and Financial Services Sector
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Only (A)
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Only (B)
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Only (C)
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(B) and (C) only
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All (A), (B) and (C)
D
Correct answer
Explanation
During the 2008 financial crisis, the US auto industry (particularly General Motors and Chrysler) and banking/financial services sector faced severe liquidity crises and required government bailout packages. The Troubled Asset Relief Program (TARP) provided these funds. Agricultural sector was not in crisis during this period and did not require bailouts.