Current assets include only those assets which are expected to be realised within...............

12 months

The correct answer is option 4- 12 months.

Current assets are assets that are expected to be converted into cash or consumed within one year or within the normal operating cycle of the business, whichever is longer. Current assets are crucial for the day-to-day operations of the business and its ability to meet short-term financial obligations. Current assets play a critical role in maintaining liquidity, and supporting day-to-day business activities.  The components of current assets are Current Investments,  Inventories, Trade Receivables, Cash and Cash Equivalents, Short-term Loans and Advances, etc.