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Which item is excluded from net-worth for authorisation?

ARedemption reserve
BRepayment reserve
CRetention reserve
DRevaluation reserve
Answer & Solution
Correct answer: D. Revaluation reserve
1. Capital reserves from sale of assets do count. 2. One kind of reserve is expressly left out. 3. Reserves created by revaluing assets are excluded. _Source: RBI Master Directions on Authorisation to operate a Payment System_
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