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The target group for car loans is

  • A.all car dealers
  • B.all persons below the poverty line
  • C.all high income individuals
  • D.blind persons

Answer: C

Correct answer: all high income individuals

A car loan needs a borrower who can service a substantial instalment for several years, so the target is higher-income individuals. Dealers are the channel through which such loans are sourced, not the borrowers, and those below the poverty line cannot support the repayments.

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