[Solved] A country is said to be in debt trap if

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

Do you find this helpful?

View all MCQs in

Discussion

No comments yet