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Question

A Debt Trap Means


A

Inability to repay the credit amount

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B

Ability to pay the credit amount

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C

Overspending till no money is left

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D

None of these

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Solution

The correct option is A

Inability to repay the credit amount


The correct answer is option (A) Inability to repay credit amount.

A debt trap means the inability to repay credit amount. It is a situation where the debtor could not be able to repay the credit amount.


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