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Which of the following can be termed as the first foreign bank in India?
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A manufacturing company spent the following amounts on the import and installation of machine: 1. Rs. 50,000 : Price of the machine 2. Rs. 5,000 : Freight 3. Rs. 1,050 : Insurance premium 4. Rs. 6,000 : Replacement of a part damaged intransit, not covered under the insurance policy Based on the above data, capital expenditure would be: