Debt trap means ........

Indian Economic System(PCS) Budgeting and Fiscal policy

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Debt-trap means

This questions was previously asked in

PCS Previous year General Studies paper (2015)

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More aid is needed to meet the debt- servicing requirements.

More debt is needed to finance development expenditure

More debt is required to finance

All of the above

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Explanation:

A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.