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State Bank of Pakistan OG-1 Officer (Batch 4th) 2015 State Bank of Pakistan OG-1 Officer (Batch 4th) 2015

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  #301  
Old Wednesday, October 07, 2015
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Thank you friends,,, it seems my concepts are clear now ( and yeah I did answer a question correct in my test ) that deposits are a liability to the banks
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  #302  
Old Wednesday, October 07, 2015
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Thank you friends,,, it seems my concepts are clear now ( and yeah I did answer a question correct in my test ) that deposits are a liability to the banks
Same here
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  #303  
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btw , was there amount or percentage of Current Deficit Account ? i think options were of Amounts in Figures
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  #304  
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Originally Posted by Wrong Number View Post
Bro, what will you do when you are advanced money by bank??
will you become a creditor or debtor for bank??
Brother in that case customer is borrower/debtor and bank is creditor.

A debtor is an entity that owes a debt to another entity.
Creditor is a person or institution to whom money is owed.

As I have already mentioned when you borrow from bank cash/asset increase in you business and in contra liability increases, same entries do appear in bank accounts when you deposit cash.

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  #305  
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guys when you deposit cash in bank it become asset of bank and the account is liability
so the correct option was asset
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  #306  
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current account deficit was optioned in amount.
you are right bro.
I remember I selected 2.28 bn rupees.

What will you record in your accounts??
Cash Dr
Bank Account Cr
Or
Bank Account Dr
Cash Account CR
I think this clue is enough for your approach to tackle the problem.
Last edited by incounternable; Saturday, October 10, 2015 at 06:41 PM. Reason: chain posts merged
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  #307  
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current account deficit was optioned in amount.
you are right bro.
I remember I selected 2.28 bn rupees.
Me 2 ,

Structural Unemployment

Mark Up issue

in dono k baray mai kya kehtay ho ?
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  #308  
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Me 2 ,

Structural Unemployment

Mark Up issue

in dono k baray mai kya kehtay ho ?
Structural Unemployment due to technological advancement 100%
Not sure about markup
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  #309  
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guys when you deposit cash in bank it become asset of bank and the account is liability
so the correct option was asset
I can't memorize the accurate question but it was deposit of common people is bank's?
Not cash deposited by common people.

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  #310  
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Hmmm , Somehow i am falling between 20-22 in the GK portion ... rest Allah malik hai
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