I m a computer engineer and got placement in a MNC during Campus placement..but they fired me due to recessional cost cutting thing

Now i m preparing for MBA but i m worried what will i answer when they will ask me what i did for the entire year...what should i say.?

I think u should tell them the truth what actually happened....everyone in the market is aware about the cost cutting thing so..i dont think it will matter.

yes...exactly! Tell your new company about the your past situation, if they understand thats good, if not, u have several other avenues too dear...so go ahead..