a)donation
b) contribution
c) qard
d) premium
Answer: (a)
2. ………….. is a profit sharing contact whereby one party provides the capital and others party supply the expertice
a)mudarabah
b)takaful operator
c)salam
d)istisha
Answer: (a)
3. In the context of takaful…………. are the capital provider
a)Participants
b)takaful operator
c)employee
d)manager
Answer: (a)
4. ………..is the contract whereby one party acts on the behalf of another for a fee
a)rahan
b)mudarabah
c)wakala
d)salam
Answer: (c)
5. The takaful operator manages the takaful fund on behalf of the partcipants for a fixed fee called a………..
a)takaful fee
b)sukuk fee
c)wakalah fee
d)rahan
Answer: (c)
6. In mudaraba contract capital provides is known…………….
a)Rab-al-maal
b)mudarib
c)fund supplier
d)wakila
Answer: (a)
7. Takaful contribution are paid on the basis………for the purpose of providing benifits for choose who have suffered a loss
a)tabarru
b)premium
c)contribution
d)rahan
Answer: (a)
8. ……….. takaful products which can cover private dwellings
a)motor takaful
b)marine takaful
c)fire takaful
d)family takaful
Answer: (c)
9. takaful covers the strike,riot& civil commotion
a) T. fire
b)motor
c)marine
d)engineer
Answer: (a)
10)The mortage takaful plan is a specific plan offered for …………
a)house buyers
b)vehicle buyers
c)group plans
d)family plans
Answer: (a)
11)Retakaful means……….
a)reinsurance
b)double insurance
c)insurance
d)contribution
Answer: (a)
12)Riba means………..
a)usury
b)gampling
c)uncertinity
d)donation
Answer: (a)
13)…………..refers to purposive cheating and deceptive
a)guarar
b)riba
c) kafalah
d)speculation
Answer: (a)
14)An alternative to the contemporary insurance contract is ……….
a)sukuk
b)rahan
c)qard
d)takaful
Answer: (d)
15)………. Negotiable financial instruments
a)takaful
b)sukuk
c)equity
d)rahan
Answer: (b)
16)………..refers to any action taken to protect any one of the five basic objectives of the shariah
a)maslahah
b)fiqh
c)fatwa
d)dayn
Answer: (a)
17) F T S E stands for
a) financial times stock exchange
b) financial times share exchange
c) final time stock exchange
d)financial sukuk exchange
Answer: (a)
18) D J I M stands for
a) Dow Jones Islamic market index
b) Doe Jonydudau market index
c)DownJoco Islamic market
d) Dow Jones Islamic Market
Answer: (a)
19)…………… is a contract according to which a party purchases and couses out equipment by the clint for rental for
a) sukuk -al-ijarah
b) sukuku -al-salam
c) sukuk-al-istisha
d) sukukul-al-musharaka
Answer: (a)
20)………… based sukuk represents ownership of equal shares in the usufruct of the arsel
a)Ijara
b) salam
c)mudarabah
d) Istisna
Answer: (a)
21) sukuku -al …………. Are issued with the aim of mobilising the funds required for production
a) Ijara
b) Musharakah
c) Istisna
d) salam
Answer: (c)
22)……….. sukuk is not tradable in the secondary market
a) Istisna
b) Ijara
c) salam
d) mubarah
Answer: (a)
23) sukuk is an arabic word which means ……………
a) certificate
b) Insurance
c) donation
d) capital
Answer: (a)
24) sukuk structure is always ……….
a)Asset backed
b)May not be backed by asset
c)May or may not backed by the asset
d)Backed by the only in tangible asset
Answer: (a)
25)SPV stands for ………..
a) Special private vehicle
b) Special purpose vehicle
c) Special purpose values
d) None of these
Answer: (b)
26) commercial papper is a …………………
a) short term borrowings
b) long term borrowings
c) medium term borrowings
d) over draft
Answer: (a)
27)…………… funds are similar to the sowallyresponsibe investment
a) equity fund
b) hedge fund
c) commodity fund
d)mixed fund
Answer: (a)
28) commodity funds are used in purchasing ………………. For resale
a) fixed asset
b)goods
c)short sale
d) forward sale
Answer: (b)
29 )AA O I F I stands for
a) accounting and auditing organisation for Islamic financial institution
b) auditing and accounting organ for Islamic financial
c) auditing and accounting organisation for Indian financial institution
d) accounting and auditing orientation for Islamic financial institution
Answer: (a)
30)…………invt vehicles that pool the money to buy and sell commercial properties
a) real estate
b) hedge fund
c) Ijra fund
d) venture capital
Answer: (a)
31) an investment fund that pools capacity from accredited or institutional investors and invest in a verity of asset is called ……….
a) Real estate fund
b) sukuk
c) hedge fund
d) project financing
Answer: (c)
32) ……….. fund manager picks a stock whols market price will fall at a future date
a) Bai-Al-Arbur
b) Bai-al-salam
c)sale and promise
d) wa’dan
Answer: (a)
33) Capital investment in risky,new and high growth potential business is called …………
a) hedge financing
b) venture capital
c) Real estate
d) Risky business
Answer: (b)
34)………. Risk arise due to delay in settlement
a) liquidity risk
b)foreign exchange
c)rate of return risk
d)default risk
Answer: (d)
35)any unfavourable fluctuations in exchange rate will affect the sukuk asset is called ……..
a) foreign exchange
b) coupon rate risk
c) default risk
d) liquidity risk
Answer: (a)
36) sukuk rating is used to evaluate the ………. Of the companies
a) credit or the hers
b) employee performance
c) company performance
d) share holders value
Answer: (a)
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