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    Which of the following is/are true about the ‘Sub-Prime Crisis’ ?

    (i) It is a mortgage crisis referring to credit default by the borrowers.

    (ii) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.

    (iii) This crisis originated because of negligence in credit rating of the borrowers.

  • Only (i)
  • Only (ii)
  • Only (iii)
  • All (i), (ii) and (iii)
  • None of these
  • Explanation:

    (The term was very much in news recently.)