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rohit123
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Asked: 2021-05-04T09:05:54+00:00 In:

What is debt-trap?

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Class 10th Important Question

CBSE 2022-2023

NCERT Social Science

Class 10th Economics CH: 3

CH:3 Social Science, Economics

Important Question for Board class 10th SST CH:3

Important Very Short Answer

Important Question Class 10th SSt Money and Credit

 

cbse 2021-2022ch:3 social scienceclass 10th economics ch: 3class 10th important questioneconomicsimportant question for board class 10th sst ch:3ncert social science
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      When borrower particularly fails to repay the loans due to the failure of the crop, he is unable to repay the  loans and is left worse off. This situation is commonly  called debt-trap. Credit in this case pushes the borrower into a situation from which recovery is very painful.

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