Question

Calculate Operating Expenses as per Schedule 46 of the Banking regulation Act. Interest on Terry Loan Rs 1000, locker rent Rs. 1000. share transfer fees Rs. 1200. Interest on Fixed Deposit Rs 2000: Audit fees Rs 2000: Rent & Rates Rs 2000​

Answer 1

7200 Calculate Operating Expenses as per Schedule 46 of the Banking regulation Act. Interest on Terry Loan Rs 1000, locker rent Rs. 1000. share transfer fees Rs. 1200. Interest on Fixed Deposit Rs 2000: Audit fees Rs 2000: Rent & Rates Rs 2000

Answer 2

The total operating expenses for the period in question are Rs. 9200.

Schedule 46 of the Banking Regulation Act requires banks to maintain a record of their operating expenses, which include various expenses related to the day-to-day operations of the bank.
The operating expenses for a given period can be calculated by adding up all the relevant expenses incurred during that period.

In this case, the operating expenses can be calculated as follows:

Interest on Terry Loan: Rs. 1000

Locker rent: Rs. 1000

Share transfer fees: Rs. 1200

Interest on Fixed Deposit: Rs. 2000

Audit fees: Rs. 2000

Rent & Rates: Rs. 2000

Total operating expenses = Rs. 9200

Therefore, the total operating expenses for the period in question are Rs. 9200. It is important for banks to keep track of their operating expenses in order to monitor their financial health and ensure that they are operating efficiently.
By following the guidelines set out in Schedule 46 of the Banking Regulation Act, banks can maintain accurate records of their expenses and demonstrate their compliance with regulatory requirements.

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