A Debt Trap Means

Inability to repay the credit amount

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Ability to pay the credit amount

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Overspending till no money is left

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections