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Interest on car loan given by …

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Interest on car loan given by an individual will be added in national income.why?

    • Posted by Sneha Agrawal 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Gaurav Bansal 7 years, 2 months ago

    Payment of interest by an individual to a bank: It is not included in the national income as the loan is not taken for production purpose.

    0Thank You

    Mayank Tripathi 7 years, 2 months ago

    No is not included in national income because Bank received interest from individual for personal purpose so it is not included in national income

    2Thank You

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