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Social Science (087) — AI-generated practice question

AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.

Q1. [1] medium exam-ready
Which of the following best describes a 'debt trap'?
  1. A A situation where the borrower invests the loan in a profitable business
  2. B A situation where the borrower's debt keeps growing and recovery becomes very painful
  3. C A government scheme to provide cheap loans to the poor
  4. D A type of collateral offered to the bank
Generated by claude-sonnet-4-6 · 2026-06-26 13:22 · grounding rag
Model Answer

Answer: B

A debt trap is a situation where the borrower's debt keeps growing and recovery becomes very painful — as seen in Swapna's case where crop failure made repayment impossible, forcing her to sell land.

Source: Money and Credit, Chapter 3

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Explanation

The textbook explicitly defines debt trap using Swapna's example: "Credit pushes the borrower into a situation from which recovery is very painful." Options A, C, and D describe unrelated concepts (profitable credit, government schemes, and collateral respectively). For MCQs, always link your answer to the textbook definition to confirm your choice.

Previous-year CBSE Grade 10 board exam questions, organised by subject and chapter, each with a model answer — free to read and print.