Passage: Surveys suggest that a large portion of Pakistan’s adult population lacks basic financial literacy, including understanding of savings, interest rates, and loan terms. This gap leaves many vulnerable to predatory lending practices that trap borrowers in cycles of debt. Some banks have begun offering free financial literacy workshops, though attendance remains low due to limited awareness of such programs. Question: In the passage, the word ‘predatory’ most nearly means:

Question

Passage: Surveys suggest that a large portion of Pakistan&#8217;s adult population lacks basic financial literacy, including understanding of savings, interest rates, and loan terms. This gap leaves many vulnerable to predatory lending practices that trap borrowers in cycles of debt. Some banks have begun offering free financial literacy workshops, though attendance remains low due to limited awareness of such programs. Question: In the passage, the word &#8216;predatory&#8217; most nearly means:

Accepted Answer

Exploitative or harmful to those less powerful. 'Predatory lending' describes exploitative practices that trap borrowers in debt, not fair or regulated lending

Explanation