1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
A Inability to repay the credit amount Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses B Ability to pay the credit amount No worries! We‘ve got your back. Try BYJU‘S free classes today! C Overspending till no money is left No worries! We‘ve got your back. Try BYJU‘S free classes today! D 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.
28
Join BYJU'S Learning Program
Related Videos
Rural Credit
ECONOMICS
Watch in App
Explore more