WBCS.LIVE practice question

Choose the correct One-Word Substitution for: 'A person who is unable to pay his debts'.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Insolvent
  2. Stoic
  3. Spendthrift
  4. Miser

Correct answer and explanation

Correct answer: Insolvent

Explanation: āœ… Correct Answer: A) Insolvent šŸ“š Explanation: An 'insolvent' person (or 'bankrupt') is someone who lacks the financial means to pay back the money they owe to others. A 'spendthrift' is someone who spends money recklessly, while a 'miser' is someone who hoards money and refuses to spend it. These terms are frequently tested to check a candidate's precision in financial and behavioral vocabulary.