a. Pakistan
b. Oman
c. Malaysia
d. Qatar
Answer (c)
2. A joint project or partnership formation with profit/loss contribution implications that
is used in Islamic finance as an alternative of interest-bearing loans is
Answer (c)
2. A joint project or partnership formation with profit/loss contribution implications that
is used in Islamic finance as an alternative of interest-bearing loans is
a. ijarah
b. musharika
c. murabah
c. murabah
d. hibah
Answer (c)
3. Profit is based on accord of parties, but loss is all time issue to proportion of
Answer (c)
3. Profit is based on accord of parties, but loss is all time issue to proportion of
a. capital
b. investment
c. work
c. work
d.Both a & b
Answer (d)
4. A number of Islamic banks were formed to provide to this particular banking market in late
Answer (d)
4. A number of Islamic banks were formed to provide to this particular banking market in late
a. 20th century
b. 19th century
c. 18th century
c. 18th century
d. none of all of these
Answer (a)
5. A bank is considered as a custodian and trustee of money is
Answer (a)
5. A bank is considered as a custodian and trustee of money is
a. Wadiah
b. safekeeping
c. Both a & b
c. Both a & b
d. Hibah
Answer (c)
6. Working capital financing in Musharika is
Answer (c)
6. Working capital financing in Musharika is
a. liability side financing
b. asset side financing
c. assets
c. assets
d. liabilities
Answer (b)
7. How much etc in Musharika is related to
Answer (b)
7. How much etc in Musharika is related to
a. quantified
b. ma'loom
c. specified
c. specified
d. Both a & b
Answer (d)
8. Products of first type may be given to Musharika in capital while second kind of products
cannot be a part of capital observation of
Answer (d)
8. Products of first type may be given to Musharika in capital while second kind of products
cannot be a part of capital observation of
a. Imam Maliki
b. Imam Hanafi
c. Imam Shafi
c. Imam Shafi
d. Imam Hanabli
Answer (c)
9. Islamic banking structure is based on
Answer (c)
9. Islamic banking structure is based on
a. risk sharing
b. interest sharing
c. Both a & b
c. Both a & b
d. premium sharing
Answer (a)
10. An investor and his customer contribute either in shared possession of an assets or equipment, or in a combined commercial venture is
Answer (a)
10. An investor and his customer contribute either in shared possession of an assets or equipment, or in a combined commercial venture is
a. diminishing musharika
b. musharika
c. ijarah
c. ijarah
d. salam
Answer (a)
Answer (a)
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