Answer-A country is said to be in a dept trap if _________.

Question

A country is said to be in a dept trap if _________.

A It has to abide by the conditionalities imposed by the International Monetary Fund

B It has to borrow to make interest payments on outstanding loans

C It has been refused loans or aid by creditors abroad

D The World Bank charges a very high rate of interest on outstanding & new loans

Practice Next

More Previous Year Paper Questions