Single Answer MCQ
Q-00045450
What was a critical lesson about credit illustrated by Swapna's situation?
1
Credit always results in profit.
2
Credit can lead to a debt trap without proper income.
3
All loans have low interest rates.
4
Farmers never need loans.
Answer and Solution
Answer
B. Credit can lead to a debt trap without proper income.
Solution:
The lesson is that credit can lead to a debt trap if a borrower cannot generate sufficient income to repay the loan, as demonstrated by Swapna.
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