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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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