McqMate
| Q. |
A country is said to be in debt trap if |
| A. | It has to abide by the conditionality imposed by the International Monetary Fund |
| B. | It is required to borrow money to make interest payments on outstanding loans |
| C. | It has been refused loans or aid by creditors |
| D. | The World Bank charges a very high rate of interest on outstanding as well as new loans |
| Answer» B. It is required to borrow money to make interest payments on outstanding loans | |
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