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Which item is included in net-worth for authorisation?
AFiled reserves
BFuture reserves
CFree reserves
DFixed reserves
Answer & Solution
Correct answer: C. Free reserves
1. Net-worth starts with paid up equity capital.
2. It adds share premium and certain capital reserves.
3. Free reserves are included as well.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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