Number,Source,Language,Question,A,B,C,D,Answer,Topic
1,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,An Ordinance was propagates to permit establishment of,"
mudaraba companies",musharika companies,murabah companies,all of answers are correct,A,Islamic Banking Products & Operations
2,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Negotiation of a selling price among two parties exclusive of reference by sellerto either costs or asking price is,ijarah wa iqtna,ijarah,musawamah,musharika,C,Islamic Banking Products & Operations
3,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,What is the most widely used Islamic mode of financing in asset side operation ofIslamic banks?,murabaha,ijarah,salam,diminishing musharakah,A,Islamic Banking Products & Operations
4,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,The following items are major components of Islamic banking and financeexcept, islamic banking,takaful (insurance),stock exchange,capital market,C,Capital Markets & Sukuk
5,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Islamic bonds can be rated on the two basis,long term and short term,sovereign and corporate,A. long term and short termB. sovereign and corporateC. ,none of the above,D,Capital Markets & Sukuk
6,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Who bears the loss in wakalah,principal,wakeel,both together,none of the above,B,Islamic Banking Products & Operations
7,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Securitization possible in,murabaha,ijara,both a and b,none of the above,B,Islamic Banking Products & Operations
8,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Islamic bank rely on the following two major sources of funds,transaction deposits and accounts receivables,investment deposit and current accounts,accounts payable and investment accounts,transaction deposits and investment deposits,D,Investment & Equity Screening
9,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Which of the following is not a source of fund for Islamic banks?,current accounts,saving account,account receivables,investment account,C,Takaful (Islamic Insurance)
10,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Investment accounts operated by Islamic banks are based on the concept of,wadiah,hibah,mudrabah,murabahah,C,Islamic Banking Products & Operations
11,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Expression Finance Certificates & Certificate of Investment in Musharika is,liability side financing,liability,assets,assets side financing,A,Islamic Banking Products & Operations
12,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,What is asset side financing out of these means,What is asset side financing out of these means,import financing,letter of credit with margin (for musharika),all of answers are correct,D,Islamic Banking Products & Operations
13,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Banking or banking action that is consistent with main beliefs of Shariah andits realistic application from beginning to end improvement of Islamic economics is,islamic banking,development bank,conventional banking,b & c,A,Islamic Banking Products & Operations
14,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,A bank is considered as a custodian and trustee of money is,wadiah,safekeeping,a & b,hibah,C,Islamic Banking Products & Operations
15,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,The appointment of shari ah scholar is done by,shareholders at annual general body meeting,the board of directors on behalf of the shareholders,by the relevant government authority like cma,all of the above,B,Islamic Banking Products & Operations
16,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,A type of partnership where one party offer funds while other gives expertiseand management is,murabaha,musharika,ijarah,mudarabah,D,Islamic Banking Products & Operations
17,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Shirkat-ul-wujooh has its origin in Arabic word,wajahat,wajahee,waujooh,wajhee,A,Islamic Banking Products & Operations
18,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Word Musharika is originated from the,latin word, arabic word,persian word,french word,B,Islamic Banking Products & Operations
19,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,International bodies dedicated to enhancing Islamic finance industry include,the international financial islamic financial market,islamic financial service board,accounting and auditing organization for islamic financial institutions,all of the above,D,Investment & Equity Screening
20,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,_____ is not a major component of the Islamic banking and finance industry.,islamic banking,conventional insurance,islamic capital markets,islamic non-bank financial institutions,B,Capital Markets & Sukuk
21,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Examples of Islamic non-bank financial institutions include:,islamic leasing and factoring companies,islamic microfinance institutions,waqf management institutions,all of the above,D,Social Finance & Zakat
22,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,All financing in Islamic banking and finance can be conveniently classifiedunder:,sharing modes,sale modes,leasing modes,any of the above modes,D,Islamic Banking Products & Operations
23,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Combination of capital is not compulsory is,basic rules of capital in musharika,basic rules of capital in ijarah,basic rules of capital,basic rules of capital,A,Capital Markets & Sukuk
24,https://www.studocu.com/row/document/university-of-hargeisa/bank-management-1/islamic-financial-institutions-solved-mcqs-set-1-mcq-matecom/47942500,English,Phrase that is not related to books of Fiqh is,shirkah,ijarah,musharika,sharing,C,Islamic Banking Products & Operations
25,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which refers to uncertainty and deception in Islamic Economics?,Zakat,Gharar,Sadaqa,Salath,B,Social Finance & Zakat
26,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"In …………..the profit ratio is fixed according to capital contribution, while loss ratio.",Musharaka,Ijrah,Mudarabah,Bai Muhajjal,A,Capital Markets & Sukuk
27,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What refers to a delay in the settlement of one or both counter -values?,Riba -al-Fadl,Interest,Riba,Profit,A,Islamic Banking Products & Operations
28,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"Buying a house for example Rs. 450,000 (to be paid in instalments over 5 years) is a permissible arrangement.",Yes,No,Maybe,None of these above,A,Islamic Banking Products & Operations
29,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"According to……………., anything that has economic value is considered wealth.",Sh ariah,Qiyas,Ijma,Ijthihad,A,Islamic Banking Products & Operations
30,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Offer and acceptance are non -essential attributes of the contract and if they are missing then the contract cannot be described as.,Riba,Shariah,V oid (batil).,Sunnah,C,Investment & Equity Screening
31,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,It is permissible to sell a commodity before it comes under our control or we take (actual or constructive) possession of it.,Excluding Salam and Istisna arrangements,Only Salam,All things,none of these above,A,Islamic Banking Products & Operations
32,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,One of the core aims or objectives (maqasid) of the Shariah is the preservation of.,Wealth (Maal).,Sunnah,Imaan,Value,A,Investment & Equity Screening
33,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Buying shares (stock) on a short term price fluctuations is considered speculation (rather than investment) and thus is a ……………trading practice.,Prohibited,None of these above,Allowed,Not a matter,A,Investment & Equity Screening
34,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The result of a sale transaction is instant and a result in an absolute transfer of the (asset) is.,Ownership,Private,Partnership,Public,A,Investment & Equity Screening
35,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"In………., partner who invest eg. Rs.50,000 (or 10 % of total investment capital) has right to specify from the beginning that his share of profit will be Rs. 5,000 per year (which equals to10 % of his initial contribution).",Musharaka,Riba,Mudarabah,Zakat,A,Capital Markets & Sukuk
36,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Man is the Khalifah of God or Vicegerent on earth and the resources at his disposal are.,A trust (Amanath),Property,A profit,A commodity,A,Islamic Banking Products & Operations
37,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Who must utilize them according to the will of the Creator and he will be held accountable for any misuse of these resources.,Man,Prophet,God,Angels,A,Islamic Banking Products & Operations
38,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,All the follows that the resources are means to attain.,Falah,Fait,Sujud,Tragedy,A,Islamic Banking Products & Operations
39,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which is the creation of God for man?,Nature,Planets,Animals,Vegetables,A,Islamic Banking Products & Operations
40,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,All resources in nature are means for man to attain his falah (happiness) in this world and in the.,Economics,Botany,History,Commerce,A,Islamic Banking Products & Operations
41,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Islamic Economics is a social science which studies the economi c problems of people imbued with the values of.,Islam,Pragmatic,Iman,Rational,A,Social Finance & Zakat
42,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,It is the study of social science which enables people to perform their obligation to Allah (God) and to their society.,Islamic Economics,Micro Economics,Macro Economics,E -commerce,A,Social Finance & Zakat
43,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"In which place for accountability, and for getting the outcome of all deeds including economic activities, in an eternal life.",Akhirah,Dunyah,Heaven,Hell,A,Islamic Banking Products & Operations
44,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,……………….well -being for leading a good life and discharging socio -Islamic obligations in this world and for achieving the home of hereafter.,Economic,Trade,Financial,Commerce,A,Investment & Equity Screening
45,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Who created resources in abundant as per the Islam ic ideology?,Allah (God),Prophet,Khalifa,Government,A,Islamic Banking Products & Operations
46,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Why recourses in the eyes of man are scarce or limited?,Due to lack of means to reach this resources,Lack of knowledge,Lack of belief,None of these above,A,Islamic Banking Products & Operations
47,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,To understand the Islamic worldview let us first define the followings.,"Islam, Iman, Amal, & Ihsan.",History,Economics,Politics,A,Takaful (Islamic Insurance)
48,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"An Islamic world view or…………., is the vision of reality and truth that appears before our mind’s eye revelling what existence is all about.",Ru’yat al -Islam li al Wujuod,Nubuvath,Risala,Rassol,A,Takaful (Islamic Insurance)
49,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,It is defined as “a set of implicit and explicit assumptions about the origin of the universe as well as the nature and purpose of man not only in this world but in the hereafter too”.,Islamic Economics,Macr o Economics,Ancient Economics,Micro Economics,A,Takaful (Islamic Insurance)
50,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"To seek,…………….is a holy duty; it is obligatory on every Muslim, male and female.",Knowledge,Health,Wealth,Beauty,A,Islamic Banking Products & Operations
51,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The first revealed word in the Qur’an was …………..,Iqrah or Read,Convert,Acquire,Belief,A,Islamic Banking Products & Operations
52,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The idea of Socialism emerged as a repercussion against the evils of.,Feudalism,Communalism,Capitalism,Materialism,C,Islamic Banking Products & Operations
53,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,In Islamic order the priority of production is determined by.,Availability of source,Possibility of economic development,Requirement of the individual,Requirement of the society,D,Takaful (Islamic Insurance)
54,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Usurer was synonym used for.,Arabs,Lombard,Jews,goldsmith,C,Islamic Banking Products & Operations
55,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The earliest economics practice prevailed in the world was.,Batter system,Barber system,Commerce,Share market,A,Capital Markets & Sukuk
56,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The headquarters of Islamic Development Bank is.,Paris,London,Jeddah,Geneva,C,Takaful (Islamic Insurance)
57,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,In Islamic philosophy Zakat is the …………….. of poor.,Right,Mercy,Duty,Principle,A,Social Finance & Zakat
58,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The profit loss sharing in the Islamic Banking is known as.,Mudarabh,Murabaha,Musharakah,Bai Muajjal,A,Islamic Banking Products & Operations
59,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Economic and ……………….well -being for leading a good life.,Non -Economic,Trade,Financial,Commerce,A,Investment & Equity Screening
60,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Who is creator of the universe according to Islamic belief?,Allah (God),Prophet,Khalifa,Government,A,Takaful (Islamic Insurance)
61,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which is the social science that studies the allocation of scarce resources to satisfy the unlimited wants?,Economics,Botany,History,Commerce,A,Investment & Equity Screening
62,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Islamic Economics is a social science which studies the economic problems of p eople imbued with the values of.,Islam,Pragmatic,Iman,Rational,A,Social Finance & Zakat
63,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,It is the study of social science which enables people to perform their obligation to Allah and of their society.,Islamic Economics,Micro Economic s,Macro Economics,E -commerce,A,Social Finance & Zakat
64,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"In which place for accountability, and for getting the outcome of all deeds including economic activities, in an eternal life.",Akhirah,Dunyah,Heaven,Hell,A,Islamic Banking Products & Operations
65,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which refers to uncertainty and deception (amongst other things)?,Zakat,Gharar,Sadaqa,Salath,A,Social Finance & Zakat
66,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"In …………..the profit ratio is fixed according to capital contribution, while loss ratio.",Musharaka,Ijrah,Mudarabah,Bai Muhajjal,A,Capital Markets & Sukuk
67,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What refers to a delay in the settlement of one or both counter -values?,Riba al -Fadl,Interest,Riba,Profit,A,Islamic Banking Products & Operations
68,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"Buying a house for eg. Rs. 450,000 (to be paid in instalments over 5 years) is a permissible arrange ment.",Yes,No,Maybe,None of these above,A,Islamic Banking Products & Operations
69,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,"According to……………., anything that has economic value is considered wealth.",Sharia,Right,Constitution,Power,A,Islamic Banking Products & Operations
70,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Offer and acceptance are non -essential attributes of the c ontract and if they are missing then the contract cannot be described as. ………………………..,Void (Batil),Sunnah,Halal,None of the above,A,Investment & Equity Screening
71,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,……………………is permissible to sell a commodity before it comes under our control or we take (actual or constructive) possession of it.,Excluding Salaam and Istinsa agreements,Only B is correct,Including Salaam and Istinsa,All the above,A,Islamic Banking Products & Operations
72,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,One of the core aims or objectives (Maqasid) of the Shariah is the preservation of.,Wea lth (Maal),Health,Power,Ambition,A,Investment & Equity Screening
73,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Buying shares (stock) on a short term price fluctuations is considered speculation (rather than investment) and thus is a ……………trading practice.,Prohibited,Restricted,Permitted,None of the above,A,Investment & Equity Screening
74,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The result of a sale transaction is instant and a result in an absolute transfer of the (asset) is.,Ownership,Rent,Entrepreneurship,Lease,A,Investment & Equity Screening
75,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Usurer was synonym used by.,Arabs,Lombard,Jews,Goldsmith,A,Islamic Banking Products & Operations
76,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which one of the following is not essentially a part of Islamic Jurisprudence?,Quran,Sunnah,Qiyas,Tasawuff,D,Takaful (Islamic Insurance)
77,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,I D B was established in the year ………………………………….,1948,1984,1958,1999,A,Islamic Banking Products & Operations
78,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,…… ……………………………… is the Islamic term of interest.,Riba,Rizala,Rabb,Raihan,A,Islamic Banking Products & Operations
79,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,In Islamic banking system the term for insurance is:,Takaful,Gharar,Sukuk,Salath,A,Takaful (Islamic Insurance)
80,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,“Kitab -al-Kharaj” is written by:,Abu Hanifa,Abu Yusuf,Imam Malik,Imam Shafi,B,Islamic Banking Products & Operations
81,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The “The Theory of Value” is propounded by:,Karal Max,Alfred Marhshal,Hegal,Ibn Kahldun,D,Islamic Banking Products & Operations
82,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The number of heirs of Zakat is………………………………………,8,6,9,7,A,Social Finance & Zakat
83,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which is the third source of Islamic Jurisprudence?,Quran,Ijma,Hadith,Qiyas,B,Takaful (Islamic Insurance)
84,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The abbreviation of IDB.,Islamic Development Bank,Iran Development Board,Indian Development Bank,Islamic Development Board,A,Takaful (Islamic Insurance)
85,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Islamic banking activity that is consistent with the principles of …………………,Sharia,Constitution,Jurisprudence,Opinions,A,Islamic Banking Products & Operations
86,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What is fiqh.,Jurisprudence,Shirk,Tawheed,Tasawuff,A,Islamic Banking Products & Operations
87,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which one is the compulsory econom ic duty of the wealthy Muslims?,Zakat,Prayer,Sadqa,Hajj,A,Social Finance & Zakat
88,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Abu Yusuf was the author of.,Kithab -al-Kharaj,Kithab -al-Hind,Kithab -al-Khaz,Kithab -al-Radd,A,Islamic Banking Products & Operations
89,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Traditions of Prophet Muhammad are known in Arabic by term.,Quran,Fiqh,Sunnah,Khalima,C,Islamic Banking Products & Operations
90,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Zakat share on gold and silver is.,1,2.5,1.5,2,B,Social Finance & Zakat
91,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Riba is translated into English as.,Profit,Debt,Interest,Loan,C,Islamic Banking Products & Operations
92,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Hujathul Baligha was written by.,Imam Shafi,Abu Yusuf,Shaik Sirhindi,Shah Waliullah,D,Islamic Banking Products & Operations
93,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Profit -loss sharing financing is known in Islamic concept by the term.,Riba,Mudharabah,Zakat,Saddaka,B,Islamic Banking Products & Operations
94,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Fakkir and Miskin are entitled to get a share of -------- tax.,Jaziya,Saddaka,Zakat,Kharaj,C,Social Finance & Zakat
95,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The third pillar of Islam is.,Hajj,Prayer,Zakat,fasting,C,Social Finance & Zakat
96,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Al-Barakka and Interest Free a Financial Enterprise was initiated for the first time India in the state of -----.,Jammu & Kashm ir,U P,Bihar,Kerala,D,Investment & Equity Screening
97,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,People known as the bankers of the world.,Bankers,Lombards,Clergy,Brokers,D,Islamic Banking Products & Operations
98,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Author of ‘Economic Development in the Islamic Framework’.,Asghar Ali Engineer,Ahammed Khur shid,Dr. Thomas Isaac,Althaf Hussain,A,Takaful (Islamic Insurance)
99,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Author of ‘Economic problems of man and its Islamic solution’.,Rashid Riddhah,Moududi,Abdul Khadir Jilaani,Hassan al Banna,B,Takaful (Islamic Insurance)
100,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Author of ‘Economics and Islam’.,Mahmudullah Shirassi,Abdul Kalam Azad,Muslehuddin Muhammad,A.P. Ibrahim Kunju,C,Islamic Banking Products & Operations
101,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Author of ‘Muhamman Theories of Finance’.,Montgomery Watt,Karen Armstrong,Nicholas P Agrudes,Sayyid Ahmad Khan,B,Social Finance & Zakat
102,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Author of ‘Islamic Finance: Principles and Practice’.,Amina Wudood,Haris Muhammad,Hans Visser,Montgomery Watt,B,Social Finance & Zakat
103,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Kharaj is a tax on ---.,Water,Gold,Land,Industries,C,Islamic Banking Products & Operations
104,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The tax collected instead of military service from the people of the book is.,Zakat,Ganimath,Saddaka,Jazya,D,Social Finance & Zakat
105,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The first Arab coin was minted by which Caliph.,Muawiya,Umar II,Haroon Al Rashid,Abdul Malik,D,Islamic Banking Products & Operations
106,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The Public share of Ganimath is.,1/2 %,1/4 %,1/5 %,1 %,B,Islamic Banking Products & Operations
107,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Which is the primary source of Islam?,Hadith,Quran,Shariath,Ijamah,B,Capital Markets & Sukuk
108,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The voluntary alms in Islam are called.,Zakat,Jazya,Saddaka,Ganimath,C,Social Finance & Zakat
109,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The compulsory alms in Islam is called.,Kharaj,Jazya,Saddaka,Zakat,D,Social Finance & Zakat
110,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The legal system in Islam is called.,Monarchy,Shariath,Constitutional,Hierarchy,B,Islamic Banking Products & Operations
111,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Faraidh is the laws related to.,Islamic Inheritance,Islamic literature,Neighbour relation,Relation between husband & wife,A,Takaful (Islamic Insurance)
112,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Ghanimah is the wealth called in.,Land,War,Water,Agriculture,B,Islamic Banking Products & Operations
113,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The PLS financing in Islam is called.,Murhabah,Mudarabah,Ushr,Riba,A,Islamic Banking Products & Operations
114,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What is the word meaning of Fiqh.,Islamic Jurisprudence,Penal code,Uniform Civil code,The God,A,Takaful (Islamic Insurance)
115,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,‘Islamic Economics and Finance’ is a book written by.,Muhammad Akram Khan,Sayed Ahmad Khan,Abul Kalam Azad,Azgar Ali Engineer,A,Social Finance & Zakat
116,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Public treasury in Islam is known as.,Diwan i Bandagan,Mudarabah,Baith ul Mal,Amanath,C,Social Finance & Zakat
117,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Arab coinage was started by.,Prophet Muhammad,Caliph Abdul Malik,Umar II,Walid I,C,Islamic Banking Products & Operations
118,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The percentage of Zakat on money is.,2 `,2.5,3,1.5,B,Social Finance & Zakat
119,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What is word meaning of ‘Falah’,Prosperity or victory,Development,Economics,Finance,A,Social Finance & Zakat
120,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Ordinary share of inheritance for female in Islam is ------ share of a male.,1/3 B)1/2,,1/4,1/5,A,Islamic Banking Products & Operations
121,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The name given by the system of exchange of goods for goods.,Barter,Speculation,Share marketing,VA T,A,Capital Markets & Sukuk
122,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The basis of conventional banking system.,Deposit,Profit,Interest,Loan,C,Islamic Banking Products & Operations
123,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The Arab term used to denote the’ Sustainer’ of the entire universe.,Rasak,Rasiq,Rafeedah,Rashid,A,Islamic Banking Products & Operations
124,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The owner of the earth according to Quran.,God,Muhammad,Caliph,Mal ak,A,Social Finance & Zakat
125,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,To whom the ownership of the Kharaj land belongs under Islamic Government.,Muhammad,Malak,God,Caliph,C,Takaful (Islamic Insurance)
126,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The condition of the lack of the basic needs of life.,Faqir,Inamath,Amanath,Ganimath,A,Islamic Banking Products & Operations
127,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The basic stone of Islamic banking.,Interest free baking,Profit motive banking,Deposit free banking,Collective banking,A,Islamic Banking Products & Operations
128,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The obligatory duty referred with Namaz.,Payment of Zakat,Payment of Jazya,Payment of Sadaqa,Payment of Kharaj,A,Social Finance & Zakat
129,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The term used to denote Usury.,Riba,Baith -ul-Mal,Diwan -e- Arz,Treasury,A,Social Finance & Zakat
130,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What Islam aims by the abolition of Riba.,Promotion of c harity,Profit,Promotion of collective deposit,Share marketing,A,Islamic Banking Products & Operations
131,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,What is the literal meaning of Zakat?,Charity,Purification,Obedience,Kindness,B,Social Finance & Zakat
132,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The author of ‘Social Justice in Islam’.,Hasan al Banna,Moulana Azad,Azghar Ali Engineer,Abdul Kalam Azad,C,Islamic Banking Products & Operations
133,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,Ushr is changed on.,Agricultural production,Loan and Interest,Savings,Zakat,A,Islamic Banking Products & Operations
134,https://www.mgu.ac.in/inc/uploads/2020/05/MCQ-islamic-banking.pdf,English,The percentage of property that the Quran al lows to bequeath by will.,1,1/2,1/3,1/4,C,Islamic Banking Products & Operations
135,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Abu Yousuf decorated the court of.,Umayyads,Abbasids,Fatimids,Seljukes,B,Islamic Banking Products & Operations
136,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term Laissez -faire was first coined by.,Adam Smith,Francois Quesnay,Vincent de Gournay,Thomas Malthus,B,Islamic Banking Products & Operations
137,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Riba is:,Ownership of wealth,Halal interest,Islamic Insurance,Interest,D,Takaful (Islamic Insurance)
138,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following is not associated with the economic implication of Islam?,Ibn Khaldun,Al Ghazzali,Mawardi,None o f the above,D,Islamic Banking Products & Operations
139,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a fundamental prohibition in Islam.,Riba,Maysir,Talaq,Gharar,C,Islamic Banking Products & Operations
140,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The full - fledged Islamic Economic system was first established by.,Prophet Muhammad,Umar,Abu Y ousuf,Muawiyah,B,Takaful (Islamic Insurance)
141,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a form of Murabaha.,Ijara,Sukuk,Musawamah,Wadiyah,C,Capital Markets & Sukuk
142,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Haraam means:,Permissible,Forbidden,Not encouraged,Compulsory,B,Islamic Banking Products & Operations
143,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Advance payme nt in Islamic Economics is termed as.,Salam,Ushr,Istisnah,Ijarah,A,Islamic Banking Products & Operations
144,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following are the main pillars of Islamic society?,Social Cohesion,Co -Operation,Self Sufficiency,All the above,D,Social Finance & Zakat
145,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Mixed economy means an economy where:,both agriculture and industry are equally promoted by the state,there is co -existence of public sector along with private sector,there is importance of small scale industrie s along with heavy industries,economy is controlled by military as well as civilian rulers,B,Islamic Banking Products & Operations
146,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Demand for a commodity refers to:,Need for the commodity,Desire for the commodity,Quantity demanded of that commodity,Amount of the commodi ty demanded at a particular price and at a particular time,D,Islamic Banking Products & Operations
147,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Banking or banking action that is consistent with main beliefs of Shariah and its realistic application from beginning to end improvement of Islamic economics is:,Islamic Banking,de velopment Bank,conventional banking,b& c,A,Islamic Banking Products & Operations
148,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Sukuk is an Arabic name stand for:,financial liabilities,financial certificates,financial assets,financial loans,B,Investment & Equity Screening
149,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,A type of partnership where one party offer funds while other gives expertise and management is,murabaha,musharika,ijarah,mudarabah,D,Islamic Banking Products & Operations
150,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Shirkat -ul-wujooh has its origin in Arabic word:,wajahat,wajahee,waujooh,wajhee,A,Islamic Banking Products & Operations
151,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Word Musharika is originated from the:,Latin word,Arabic word,Persian word,French word,B,Islamic Banking Products & Operations
152,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Shirkat -ul-wujooh has its origin in Arabic phrase Wajahat meaning:,reputation,goodwill,liabilities,assets,B,Islamic Banking Products & Operations
153,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Shariah compliant investments banking was undertaken in Egypt on:,1955,1958,1963,1968,C,Investment & Equity Screening
154,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Giving share of investor to customer on lease is the:,basis of musharika,basis of ijarah,basis of diminishing musharika,basis of hibah,C,Islamic Banking Products & Operations
155,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Taa’wan refers :,social welfare,mutual cooperation,individual rights,personal property,B,Social Finance & Zakat
156,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Iqtisaduna was written by :,Mohammad Baqir al -Sadr,Taqiuddin al -Nabhani,Mahmud Taleqani,None of the above,A,Islamic Banking Products & Operations
157,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Aaqilah refers :,Inherent one,compensation,reward,mutual help,D,Islamic Banking Products & Operations
158,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among th e following deals with justice and fairness :,Adl,Ajr,Ahad,None of the above,A,Islamic Banking Products & Operations
159,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"A payment or compensation such as commission, fees or wages charged for services is called :",Ajr,Adl,Ahad,Taa’wan,A,Islamic Banking Products & Operations
160,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Daman means :,Interest,liability,reward,compensation,B,Islamic Banking Products & Operations
161,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Amil is :,manager,worker,leader,none of the above,B,Islamic Banking Products & Operations
162,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Aqd is :,compensation,contract,profit,loss,B,Islamic Banking Products & Operations
163,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a loan contract :,Muawadah,ijarah,Qard,None of the above,C,Islamic Banking Products & Operations
164,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The non refundable down payment or deposit paid by a buyer for the right to purchase in future is called :,Aql,Arbun,Ariya,Taa’wan,B,Islamic Banking Products & Operations
165,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Banking an object for cash then selling it to the same party for higher price is :,Bai al -Arbun,Bai al -Amanat,Bai al -Inhah,Bai Salam,C,Islamic Banking Products & Operations
166,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Islamic term for Barter is :,Khiyar,Mutlaq,Muqayaza,Inhah,C,Takaful (Islamic Insurance)
167,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a credit sale :,Boatil,Bai Muajjal,Istisna,None of the above,B,Islamic Banking Products & Operations
168,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Gharar means :,interest,profit,loss,risk,D,Takaful (Islamic Insurance)
169,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bait ul Mal is :,personal belonging,public treasury,auction,None of the above,B,Social Finance & Zakat
170,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Invalid sale or contract is termed as :,Muajjal,Boatil,Khiyar,Ajil,B,Islamic Banking Products & Operations
171,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bai Muajjal is associated with :,credit sale,defered payment contract,lumpsum,All of the above,D,Islamic Banking Products & Operations
172,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Sale of debt is termed as :,Bai Wafa,Bai Muajjal,Bay al -Dayn,None of the above,C,Islamic Banking Products & Operations
173,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"In Islamic finance, Daman refers to :",assets,security,profit,interest,B,Social Finance & Zakat
174,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Islamic term for insurance is :,Falah,Fadl,Boatil,Takaful,D,Takaful (Islamic Insurance)
175,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following refers ‘religious decree’ :,Fasid,Fatwa,Waqf,Fiqh,B,Social Finance & Zakat
176,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Ijarah is :,Bill of exchange,leasing,debt,none of the above,B,Capital Markets & Sukuk
177,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Sukuk is :,leasing,debt,bond,None of the above,C,Capital Markets & Sukuk
178,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following denotes Islamic Bond :,Ijarah,Sukuk,Fasid,Tamleek,B,Capital Markets & Sukuk
179,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is the source of Islamic economic theory :,Qiyas,Ijma,Ijtiha d,All of the above,D,Takaful (Islamic Insurance)
180,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Ijma is :,private judgement,imitation,analogy,consensus,D,Islamic Banking Products & Operations
181,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is performed by jurists :,Ijma,Ijtihad,Fatwa,All of the above,D,Islamic Banking Products & Operations
182,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is forward sale :,Istisla h,Sukuk,Istisna’a,None of the above,C,Islamic Banking Products & Operations
183,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a tax :,Jiziya,Kharaj,Zakat,Sadaqah,D,Social Finance & Zakat
184,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is service fee :,Istisna’a,Jua’lah,Ijara,None of the above,B,Islamic Banking Products & Operations
185,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Kafalah is :,a tax,debtor,surety,mediator,C,Islamic Banking Products & Operations
186,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Kharaj is :,poll-tax,poor -tax,land tax,spoils of war,C,Islamic Banking Products & Operations
187,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Maysir is :,profit,usuary,gambling,mediation,C,Islamic Banking Products & Operations
188,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a synonym of Halal :,Muamalat,Mubah,Khayr,Jua’ala,B,Investment & Equity Screening
189,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a profit -loss sharing system :,mudaraba,musharaka,murabaha,None of the above,D,Islamic Banking Products & Operations
190,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The investor in a Mudaraba transaction is :,Mudarib,Rab al -Mal,Muzaraa,None of the above,B,Social Finance & Zakat
191,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Murabaha i s:,Transaction contract,Tax,Insurance,None of the above,A,Takaful (Islamic Insurance)
192,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is ombudsman :,Mufti,Muhtasib,Mudarib,None of the above,B,Islamic Banking Products & Operations
193,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Jurist who could interprets the sources of Islamic law is called :,Murabid,Mujtahid,Faqih,Qadi,B,Takaful (Islamic Insurance)
194,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is cost -plus financing :,Mudatabah,Murabaha,Musharaka,None of the above,B,Islamic Banking Products & Operations
195,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers to public welfare is :,Muzaraa,Maslahat,Mubah,Jua’la,B,Islamic Banking Products & Operations
196,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bargain on the price o f goods is called :,Musaqat,Musawamah,Muzaraa,None of the above,B,Islamic Banking Products & Operations
197,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The contract in which all the partners contribute capital is called :,Mudaraba,Musharakah,Murabaha,Ijara,B,Islamic Banking Products & Operations
198,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,A participant in Takaful is called :,Mudarib,Mufti,Mushtarib,Mustahab,C,Takaful (Islamic Insurance)
199,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is ‘share -cropping’ :,Maysir,Maslahat,Mubah,Muzara’a,D,Islamic Banking Products & Operations
200,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Muzara’a is associated with :,land,trees,metal,None of the above,A,Islamic Banking Products & Operations
201,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Qard means :,Asset,loan,investment,capital,B,Islamic Banking Products & Operations
202,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers interest free loan is :,Ijara,Mubah,Qard Hasan,Bai Muajjal,C,Islamic Banking Products & Operations
203,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Maysir is another word for :,Riba,Mudarabah,Ijara,Qimar,D,Islamic Banking Products & Operations
204,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Qimar is another word for :,Riba,Mudarabah,Ijarah,Maysir,D,Islamic Banking Products & Operations
205,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Another name for Mudarabah is :,Ijarah,Qirad,Maysir,Qimar,B,Islamic Banking Products & Operations
206,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The process of analogical reasoning of Islamic sources is called :,Ijma,Qiyas,Ijtihad,Istehson,B,Takaful (Islamic Insurance)
207,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term Rahn refers :,interest,gambling,tax,pledge,D,Islamic Banking Products & Operations
208,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Usury of trade is called :,Riba al -Fadl,Riba al -Diyun,Riba al -Nasiah,Ribh,A,Islamic Banking Products & Operations
209,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The voluntary charity in Islam is termed as :,Zakat,Sadaqah,Jiziya,Kheraj,B,Social Finance & Zakat
210,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers currency exchange is :,sawaa,khayr,sarf,None of the above,C,Capital Markets & Sukuk
211,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers to partnership is :,Ijarah,Mubaa’,Istisnaa,Shirkah,D,Islamic Banking Products & Operations
212,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Suftajah was a type of banking instrument used by :,Prophet Muhammed,Umayyads,Abbasids,Ottomans,C,Islamic Banking Products & Operations
213,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"Suftajah, the banking instrument used for :",collect taxes,disburse government dues,transfer funds,All of the above,D,Islamic Banking Products & Operations
214,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a financial certificate backed by assets :,Ijarah,Qard Hasan,Istisnaa,Sukuk,D,Islamic Banking Products & Operations
215,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following does not comes under charity :,zakat,sadaqah,tabarru,sarf,D,Social Finance & Zakat
216,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following represents insurance :,Takaful,Tam’in,All of the above,None of the above,C,Takaful (Islamic Insurance)
217,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Quranic principle of mutual assistance is termed as :,Tabarru,Khayr,Ta’wuni,None of the above,C,Takaful (Islamic Insurance)
218,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Tawakkul means :,A sale by advance payment,restrictions,trust in God,risk sharing,C,Takaful (Islamic Insurance)
219,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is ‘reverse Muraqaba’ :,Ijara,Tawarruq,Sarf,Istisnaa,B,Islamic Banking Products & Operations
220,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The financial ch arge for using services is called :,Tijarah,Ukhuwah,Shirkah,Ujrah,D,Investment & Equity Screening
221,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The word wide community of Muslims is termed as :,Ummah,Umrah,Moors,None of the above,A,Islamic Banking Products & Operations
222,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Ushr is similar with :,Riba,Zakat,Takaful,None of the above,B,Takaful (Islamic Insurance)
223,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,A portion of agricultural produce payable by a Muslim is called :,Zakat,Tawarruq,Urf,Ushr,D,Islamic Banking Products & Operations
224,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Islamic legal theory is termed as :,Shariat,Qiyas,Usul al -Fiqh,None of the above,C,Takaful (Islamic Insurance)
225,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following denotes promise :,Wa’ad,Tijarah,Urf,Ushr,A,Islamic Banking Products & Operations
226,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following refers ‘deposited propety’ :,istisnaa,wadiah,tabarru,sawaa,B,Takaful (Islamic Insurance)
227,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following denotes ‘obligatory’ :,Wali,Halal,Musaqat,Wajib,D,Investment & Equity Screening
228,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the followi ng is a contract of agency :,Muzarra,Mubah,Wakalah,Tawarruq,C,Islamic Banking Products & Operations
229,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The agent in a Wakala contract is called as :,Wadain,Wakil,Wakala Khass,None of the above,B,Islamic Banking Products & Operations
230,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a charitable trust :,Waqf,Wakala,Tijarah,Ijara,A,Social Finance & Zakat
231,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Wasiyyat means :,trust,guarantee,will,welfare,C,Islamic Banking Products & Operations
232,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The promise which does not create contractual rights and obligations is called :,wasiyyat,wadah,urf,sarf,B,Islamic Banking Products & Operations
233,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The third pillar of Islam is :,Salat,Zaka t,Fasting,Hajj,B,Islamic Banking Products & Operations
234,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Zakat can be levied on :,cash,cattle,agricultural produce,All of the above,D,Social Finance & Zakat
235,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The general calculation of Zakat on the possession of a Muslim is :,1.5%,2.5%,2.75%,2.85%,B,Social Finance & Zakat
236,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The minimum amount that a Muslim is obliged to pay as Zakat is called :,Nisab,Sadaqah,Zakah,None of the above,D,Social Finance & Zakat
237,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The word Zakat means :,Almsgiving,charity,to purify,welfare,C,Social Finance & Zakat
238,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Zakat is additionally payable on :,Agricultural goods,precious metals,live stock,All of the above,D,Social Finance & Zakat
239,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"According to Quran, the qualified people to benefit from Zakat is :",poor,Zakat collectors,to free from slavery,All of the above,D,Social Finance & Zakat
240,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The eight categories of people who qualify for benefit from Zakat fund is collectively termed as :,asnaf,sabililah,riqab,none of the above,A,Takaful (Islamic Insurance)
241,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,How many times the term Zakat mentioned in Quran :,10,20,25,28,B,Social Finance & Zakat
242,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Zakat al -fitr is payable during the month of :,Ramdan,Dhu al -Hajj,Muharram,Rajah,A,Social Finance & Zakat
243,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Riba on a credit transaction is called :,al-Nasiya,al-Fadl,Qard,Duyun,A,Islamic Banking Products & Operations
244,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a type Riba :,Qard,Fadl,Nasiah,Shirkah,D,Islamic Banking Products & Operations
245,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,How many times the word ‘riba’ appeared in Quran :,eight,ten,eleven,fifteen,A,Islamic Banking Products & Operations
246,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,A sales contract in which delivery of both the commodity and the payment is deferred is called :,Bai al -Salam,Bai al -Inah,Bai al -Mudaf,Bai al -Muzayadah,C,Islamic Banking Products & Operations
247,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Sales by auction is termed as :,Bai al -Inah,Bai al -Mudaf,Bai al-Gharar,Bai al -Muzayadah,D,Islamic Banking Products & Operations
248,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a currency :,Dinar,Dirham,fal,All of the above,D,Islamic Banking Products & Operations
249,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The section of Islamic law that deals with the distribution of the estate of a deceased person is called :,falah,faraid,eshtirak,none of the above,B,Social Finance & Zakat
250,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a gharar :,selling goods that the seller is unable to deliver,selling unknown goods against an unknown price,selling goods without proper description,All of the above,D,Islamic Banking Products & Operations
251,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a type of Gharar :,Fahish,Yasir,Mutawassit,None of the above,D,Islamic Banking Products & Operations
252,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is a feature of Gharar :,risk,deception,uncertainty,all the above,D,Takaful (Islamic Insurance)
253,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term used to describe the function carried out by the state to regulate the market price is :,Hukm,Hisbah,Mubah,None of the above,B,Capital Markets & Sukuk
254,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The prohibited practice of storing commodities in anticipation of increase in prices is called :,Ijab,ijarah,Ihtikar,None of th e above,C,Islamic Banking Products & Operations
255,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,First Islamic Bank in Germany is :,Moroccan Chaabi Bank,Axa Bank,KT Bank,None of the above,C,Takaful (Islamic Insurance)
256,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"The social science that deals with the production, distribution and consumption of goods and services is called :",economics,sociolog y,social work,None of the above,A,Social Finance & Zakat
257,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following is considered as the father of economics :,Adam Smith,John Keynes,Thomas Piketty,Alfred Marshal,A,Islamic Banking Products & Operations
258,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a work of Adam Smith :,the theory of mora l sentiments,the wealth of nations,essays on philosophical subjects,principles of economics,D,Islamic Banking Products & Operations
259,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The book “the wealth of nations” was written by :,Adam Smith,John Keynes,Karl Marx,Alfred Marshal,A,Islamic Banking Products & Operations
260,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The book “principles of economics” was written by :,Adam Smith,John Keynes,Karl Marx,Alfred Marshall,D,Islamic Banking Products & Operations
261,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following is the vicegerent of god on earth :,Prophets,khalifa,Jurists,None of the above,B,Islamic Banking Products & Operations
262,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,In Islamic theory the ultimate owner of man’s every p ossession is,Allah,Prophets,Khalifa,None of the above,A,Takaful (Islamic Insurance)
263,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"In socialism, means of production are owned by :",God,State,Political Authority,people,B,Islamic Banking Products & Operations
264,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Socialist system is considered as the child of :,Materialism,democracy,Theocracy,individualism,A,Islamic Banking Products & Operations
265,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Capitalism prefers the absolute right of :,state,god,Individual,people,C,Islamic Banking Products & Operations
266,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Mizan Bank is situated in :,Pakistan,Sudan,Iran,Saudi Arabia,A,Islamic Banking Products & Operations
267,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,IDB was founded in the year :,1975,1976,1977,1978,A,Islamic Banking Products & Operations
268,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The chairman of CTFS was :,Ibrahim Varde,Abbas Mirakher,I A Hanifi,None of the above,C,Islamic Banking Products & Operations
269,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Faisal Islamic Bank is situated in :,Iran,Sudan,Pakistan,Saudi Arabia,B,Takaful (Islamic Insurance)
270,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The bank of Sudan Act was passed on :,1945,1950,1959,1961,C,Islamic Banking Products & Operations
271,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The highest Muslim populated non -Islamic country is :,India,America,China,Russia,A,Takaful (Islamic Insurance)
272,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Islamic Banking system was introduced in Iran after the revolution held on :,1971,1979,1981,1988,B,Islamic Banking Products & Operations
273,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following is considered as the founder of Islamic Banks :,I. A. Hanifi,Abbas Mirakhar,Ibrahim Varde,Ahmad al --Najjar,D,Takaful (Islamic Insurance)
274,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following initiated for the introduction of Islamic Banking system in India :,Raghuram Rajan,Viral Acharya,Bimal Jalan,N.K. Singh,A,Islamic Banking Products & Operations
275,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The tactics of tax -evasion is followed in :,Islamic finance,capitalism,Socialism,communism,B,Social Finance & Zakat
276,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Fedral Shariat Court is situated in :,Pakistan,Malasiya,Iran,Sudan,A,Islamic Banking Products & Operations
277,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Raghuram Rajan was the :,Finance Minister of India,RBI Governor,Economist,Political activist,B,Social Finance & Zakat
278,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The form of indirect access of ownership of wealth is :,Zakat,Waqf,inheritance,All of the above,D,Social Finance & Zakat
279,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is cost -plus financing :,Mudaraba,Musharaka,Murabaha,Ijara,C,Islamic Banking Products & Operations
280,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The non -obligatory charity in Islam known as :,Zakat,Sadaqah,Ghanimah,None of the above,B,Social Finance & Zakat
281,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term which refers leasing in Islamic theory is called :,Sukuk,Ijarah,Bai Salam,Ju’ala,B,Islamic Banking Products & Operations
282,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The IDB is located in :,Riyadh,Jeddah,Lahore,Singapore,B,Islamic Banking Products & Operations
283,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The first Islamic commercial bank was :,Faisal Islamic Bank,Meezan Bank,Al-Aman Bank,Sudaneese Islamic Bank,B,Takaful (Islamic Insurance)
284,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Central Bank of Iran was established in :,1928,1945,1961,1979,A,Islamic Banking Products & Operations
285,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Raghuram Rajan Report was released on the year :,2000,2004,2005,2008,D,Islamic Banking Products & Operations
286,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Malaysia’s first Islamic based investment product was :,Amanah,Musharaka,Wakalah,None of the above,A,Investment & Equity Screening
287,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Musaqat is the agricultural contract espe cially for :,land,metal,trees,water resources,C,Islamic Banking Products & Operations
288,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Bank of Esteqrazi was based on :,Sudan,Iran,Malaysia,Indonesia,B,Islamic Banking Products & Operations
289,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bank Melli of Iran was established on :,1920,1923,1925,1927,B,Islamic Banking Products & Operations
290,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Central Bank of Iran was established on :,1920,1923,1925,1927,D,Islamic Banking Products & Operations
291,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"In Iran, the law of usury free banking was passed on :",1981,1982,1983,1984,C,Islamic Banking Products & Operations
292,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Muslim scholar who can be considered as the father of economics was :,Ibn Taymiyyah,Ibn Khladun,Al-Ghazzali,Abu Yusuf,B,Islamic Banking Products & Operations
293,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The author of Kitab ul -kheraj was :,Al-Baladhuri,Ibn Khaldun,Al-Ghazzali,Abu Yusuf,D,Islamic Banking Products & Operations
294,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"In Islam, the bargaining on price is called :",Istisnaa,Sukuk,Musawamah,none of the above,C,Capital Markets & Sukuk
295,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Al-Rajhi Bank is bas ed on :,Pakistan,Iran,Malaysia,Saudi Arabia,D,Islamic Banking Products & Operations
296,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The head Office of Al -Rajhi Bank is located in :,Lahore,Doha,Riyadh,Abu Dhabi,C,Islamic Banking Products & Operations
297,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not a part of Waqf :,Religious Waqf,Philanthropic Waqf,Family Waqf,Banking Waqf,D,Social Finance & Zakat
298,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,AAOIFI is based in :,Oman,Bahrain,Saudi Arabia,Malaysia,B,Islamic Banking Products & Operations
299,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,AAOIFI was established on :,1990,1991,1992,1993,B,Islamic Banking Products & Operations
300,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,AAOIFI mainly prepares :,Accounting,auditing,Governance,all of the above,D,Islamic Banking Products & Operations
301,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bank Islam Malaysia started its operation on :,1983,1984,1985,1986,A,Islamic Banking Products & Operations
302,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Pakistan’s first and largest Islamic Bank is :,Meezan,Al-Baraka,Al-Falah,None of the above,A,Takaful (Islamic Insurance)
303,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,LARIBA is based on :,Malaysia,America,Singapore,UK,B,Islamic Banking Products & Operations
304,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Al-Baraka is based on :,Singapore,Pakistan,Saudi Arabia,Bahrain,B,Islamic Banking Products & Operations
305,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The institution for the socio -economic welfare of Muslim Society is :,Zakat,Sadaqah,Waqf,Khair,C,Social Finance & Zakat
306,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The economic system in which transactions between private parties are free from government intervention is called :,Amanah,Wadiah,Laizze Faire,None of the above,C,Islamic Banking Products & Operations
307,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The importance of the role of labour in the creation of wealth was underlined by :,Al-Ghazzali,In Taymiyyah,Ibn Khaldun,All of the above,D,Islamic Banking Products & Operations
308,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which Muslim scholars emphasized on the necessity of establishing economic cooperation between the different parties of a society :,Ibn al -Qayyim,Ibn Taymiyyah,Ibn Khaldun,Abu Yusuf,A,Islamic Banking Products & Operations
309,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"Who among the following is credited to analyse first on the concepts of labour, value and the division of labour :",Ibn Taymiyyah,Ibn Khaldun,David Recardo,Karl Marx,B,Islamic Banking Products & Operations
310,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following scholars used the treatment of utility as a scientific tool of analysis :,Al-Ghazz ali,Ibn Taymiyyah,Al-Shatibi,All of the above,D,Islamic Banking Products & Operations
311,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Who among the following described on the qualities of Muhtasib :,Abu Yusuf,Al-Ghazzali,Nizam ul -Mulk Tusi,Ibn Khaldun,B,Islamic Banking Products & Operations
312,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The principles of Islamic world view of economics is/are :,trusteeship lies in Allah,giving Zakat,prohibition of Riba and Gharar,All of the above,D,Islamic Banking Products & Operations
313,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is associated with Waqf :,Waqif,Mutawillis,Qadi,All of the above,D,Social Finance & Zakat
314,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,"Bijak, a form of credit was issued by :",Meezan Bank,Faisal Islamic Bank,Bank Shahanshahi,None of the above,C,Takaful (Islamic Insurance)
315,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following Bank is not situated in Iran :,Imperial bank,New East Bank,Bank of Estegrazi,Faisal Islamic bank,D,Takaful (Islamic Insurance)
316,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Sudan Currency Board was est ablished on :,1959,1961,1963,1966,A,Islamic Banking Products & Operations
317,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The new Sudanese Currency was issued on :,1959,1961,1963,1966,A,Islamic Banking Products & Operations
318,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The entire commercial banking sector was nationalized in Sudan on :,1961,1970,1975,1980,B,Islamic Banking Products & Operations
319,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The fine paid by a pe rson for having committed an act prohibited by Allah is called :,Kaffarath,Nafaqath,Ghanimah,Fay,A,Islamic Banking Products & Operations
320,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers the law of inheritance is :,Kaffarath,Wirathat,Nafaqath,Fay,B,Islamic Banking Products & Operations
321,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The term refers to the religious obligation of any Muslims to pay one -fifth of their acquired wealth from certain sources is called :,Ghanima,Khums,Wirathat,Fay,B,Islamic Banking Products & Operations
322,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Which among the following is not included in Khums tax :,Ghanima,Treasure,Zakat,Mineral resources,C,Social Finance & Zakat
323,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Ghanima is :,poll tax,booty seized with war,tax for mineral resources,land tax,B,Islamic Banking Products & Operations
324,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Khums is generally applies :,12⁄,13⁄,14⁄,15⁄,D,Islamic Banking Products & Operations
325,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The first UK Islamic Bank is :,Al-Baraka international,The imperial Bank,Bank of London,None of the above,A,Takaful (Islamic Insurance)
326,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The Sukuk market started in UK on,2000,2002,2007,2009,C,Capital Markets & Sukuk
327,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,First western government issue sovereign sukuk is :,US,UK,Germany,France,C,Capital Markets & Sukuk
328,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The number of fully Sharia -complaint bank in UK is :,three,five,seven,nine,B,Islamic Banking Products & Operations
329,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The mode of transaction introduced in UK with Islamic finance is :,Mudaraba,Musharaka,Murabaha,Ijara,C,Islamic Banking Products & Operations
330,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,First 100% shariah -complaint bank in USA is :,Deron Bank,University Bank,LARIBA,None of the above,B,Investment & Equity Screening
331,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,LARIBA is a US based :,Finance company,bank,Non -profit organization,None of the above,A,Social Finance & Zakat
332,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,First Islamic Bank in Indonesia :,Bank Melli,Bank Muamalat,Bank Indonesia,None of the above,B,Takaful (Islamic Insurance)
333,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,Bank Muamalat was established in :,1990,1992,1994,1995,B,Islamic Banking Products & Operations
334,https://www.mgu.ac.in/inc/uploads/2020/03/economics-and-finance.pdf,English,The only Islamic banking institution in France is :,Moroccoan Chaabi Bank,BNP Paribas,Axa Bank,None of the above QUESTION PAPER - ISLAMIC HISTORY IH5CR T08 – Islamic Economics and Finance,A,Takaful (Islamic Insurance)
335,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Sukuk is Arabic name stand for,financial liabilities,financial certificates,financial assets,financial loans,B,Investment & Equity Screening
336,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,A type of partnership where one party offer funds while other gives expertise and management is,murabaha,musharika,ijarah,mudarabah,D,Islamic Banking Products & Operations
337,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Word Musharika is originated from the,latin word,arabic word,persian word,french word,B,Islamic Banking Products & Operations
338,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Which is liability side financing out of these means,large enterprise financing,t-bills and federal investment bonds / debenture,inter- bank lending / borrowing,b & c,D,Islamic Banking Products & Operations
339,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Expression Finance Certificates & Certificate of Investment in Musharika is,liability side financing,liability,assets,assets side financing,D,Islamic Banking Products & Operations
340,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,What is asset side financing out of these means,large enterprise financing,import financing,Letter of credit with margin (for musharika),all of answers are correct,B,Islamic Banking Products & Operations
341,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Giving share of investor to customer on lease is the,basis of musharika,basis of diminishing musharika,basis of ijarah,basis of hibah,B,Islamic Banking Products & Operations
342,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,An agreement in which advance fee is made for commodities to be delivered afterwards on is,murabaha,baisalam,ijarah,b & c,D,Islamic Banking Products & Operations
343,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Word Musharika is originated from Arabic word Sharikah meaning,friends,ijarah,lessor,partnership,B,Islamic Banking Products & Operations
344,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,"A most ordinary kind of Shirkat-ul-Aqd where equality in capital, management or liability might be identical in one case but not in all respect meaning either profit is equal but not labour or vice versa is",shirkat-ul-aqd,shirkat-ul-ainan,shirkat-ul-dain,shirkat-ul-milk,B,Capital Markets & Sukuk
345,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Working capital financing in Musharika is,liability side financing,asset side financing,assets,liabilities,B,Islamic Banking Products & Operations
346,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Where everyone partner contribute some capital into a commercial venture is,partnership in capital,shirkat-ul-amwal,a & b,shirkat-ul-abdan,C,Capital Markets & Sukuk
347,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Investments given by all partners/shareholders known to as,partners,ijarah,murabah,takaful,A,Takaful (Islamic Insurance)
348,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Mutually or equally using an asset by taking twists under conditions where partners or joint vendors are on superior stipulations is,musharikaintifa,musharika,ijarah,hibah,A,Islamic Banking Products & Operations
349,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Sharikah is chief term than,ijarah,murabaha,musharika,shirkat-ul-ainan,C,Islamic Banking Products & Operations
350,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Factually it means a credit sale is,baimuajjal,mudarabah,ijarah,murabaha,A,Islamic Banking Products & Operations
351,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,"An investor and his customer contribute either in shared possession of an assets or equipment, or in a combined commercial venture is",diminishing musharika,musharika,ijarah,salam,A,Islamic Banking Products & Operations
352,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Shirrkah – al- aqd in Islamic commercial law refers to a partnership or joint venture formed by………,Payment of a fixed price,Safe  keeping,Contract,Ruling by the shariah scholars,C,Investment & Equity Screening
353,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Islamic financial system prohibits transactions featuring,Extreme uncertainties resulting from speculation and gambling,Sharing of profit and risk of loss,Partnership agreements,Trading for profit,A,Takaful (Islamic Insurance)
354,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Are Islamic banking products for Muslims only,For Muslims and and those non-Muslims who are allowed by Sharri'ah scholars.,No,Yes,For muslims and those who convert to muslims,B,Islamic Banking Products & Operations
355,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Tameen is another name for,Takaful (Islamic insurance),Faqir (a poor person),Shirkah (partnership),Tatfif (fraud),A,Takaful (Islamic Insurance)
356,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Amanah in Islamic banking refers to,A deposit held in trust which creates various fiduciary duties.,An expert who is consulted for advice on Islamic law.,An interest-free loan.,A loan that does not have to be repaid,A,Islamic Banking Products & Operations
357,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Arabic term Haq means,Legal rights,Credit proposal,Taking full responsibility,Kind of sale,A,Islamic Banking Products & Operations
358,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Shari'ah is set of rules or law governing,Spending on objects which have been explicitly prohibited.,The quantity and quality of a good for sale,"Economic, social, political and cultural aspects of Islam societies.",Principles of partnership,C,Social Finance & Zakat
359,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Wakalah is used by Islamic banks mostly for,Consumer loans,Sales through documents,Fund management,Guaranteeing payments,C,Takaful (Islamic Insurance)
360,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Arbun refers to,Down payment,Loan payment,Savings.,Deposit with a bank.,A,Islamic Banking Products & Operations
361,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Banking may broadly be described as the business of providing,Investment services,Financial services,Loans and mortgages,Foreign exchange services,B,Capital Markets & Sukuk
362,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Which of the following is a type of investing instrument?,Musharakah,Tawarruq,Kafalah,Qimar,A,Islamic Banking Products & Operations
363,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Aqd in Islamic commercial law refers to,Ownership of goods,A contract,Non-permissible,Permissible,B,Takaful (Islamic Insurance)
364,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,"Takaful, a form of Islamic insurance, refer to a scheme for",Struggling for livelihood,Perfect ownership,Equal distribution of wealth,Mutual assistance and shared responsibility,D,Takaful (Islamic Insurance)
365,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Arabic term Ayn refers to,Time of possession,Fixation of cost,A tangible (physical asset),Conditions,C,Investment & Equity Screening
366,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,What does the abbreviation IFSB stands for,Islamic Finance Supervision and Banking,Islamic Financial Supervisory Board,Islamic Financial Services Board,Islamic Financial Services Bank,C,Investment & Equity Screening
367,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Shariah provides a network of ethical and moral rules of behaviour for,Potential buyers,Travelling merchants,All participants in market,Muslims only,C,Takaful (Islamic Insurance)
368,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Religious supervisory board of Islamic banks plays an important role in,Determination of the ratio of profit-sharing according to Islamic principles.,Raising capital for the banks according to Islamic principles.,Introduction of new product and services that comply with Islamic princples.,Mobilisation of funds according to Islamic principles,C,Takaful (Islamic Insurance)
369,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Riba literally means,Any speculation,Any excess,Any profit,Any wealth,B,Islamic Banking Products & Operations
370,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Hawalah refers to a contract of,Profit loss sharing,Repayment of loans,Assignment of debt,Profit sharing,C,Takaful (Islamic Insurance)
371,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Deposits placed with banks practically take the form of,Donations from depositors to the bank,A sale contracts with the bank,Authority to the bank to lent monies,Loans from depositors to the bank,D,Islamic Banking Products & Operations
372,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Islamic financial system is founded on,"Cancellation, revocation of debt","Absolute prohibition of the payment or receipt of any predetermined, guaranteed rate of return",Imposition of an obligatory tax on earnings,Land and property tax levied by the state,B,Investment & Equity Screening
373,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Ijarah literally means,Price of goods,Type of transaction,Risk or loss or fraud,To give something on rent,D,Islamic Banking Products & Operations
374,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Waqf refers to,Bill of exchange,What is due to the state treasury,Promissory note,Charitable foundation or trust,D,Capital Markets & Sukuk
375,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Arabic term Kafil means,A person taking possession of goods,A person taking delivery of goods,A person providing surety,A person withholding delivery of goods,C,Islamic Banking Products & Operations
376,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,What does the abbreviation IFI stand for in Islamic banking?,Islamic Forum for Intermediation,Islamic Finance Industry,Islamic Financial Instrument,Islamic Financial Institution,D,Investment & Equity Screening
377,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Islamic corporate governance promotes,Currency reserves,Ethical and moral behaviour,Debt whose repayment is postponed,Specialised large-scale commercial institutions,B,Capital Markets & Sukuk
378,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Dhaman in Islamic commercial law refers to,Islamic banking operations,Several types of Islamic financial transactions,The taking on of a liability or responsibility of another person,Commercial activities of Islamic banks,C,Islamic Banking Products & Operations
379,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The Arabic term Qimah implies,Duties of a man to god,A particular situation,Sharing certain risk,Sale of the real value of goods,D,Takaful (Islamic Insurance)
380,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Hiba refers to a contract of,Money payment,Gift,Investment,deposit,B,Islamic Banking Products & Operations
381,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Under a Salam contract goods are,Not delivered until payment is made,Taxed before delivery,Purchased for delivery in future,Delivered for payment later,C,Islamic Banking Products & Operations
382,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,The term Kafalah in islamic commercial law refers to,Finance,Guarantee,Purchase,Bargain,B,Social Finance & Zakat
383,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,Islamic financial system seeks to,Encourage wasteful expenditure,Administer land revenue,Postpone debt repayment,Enhance equality and fairness in financial dealings for the good of society as whole,D,Investment & Equity Screening
384,https://sde.uoc.ac.in/sites/default/files/sde_videos/BC6B15%20-MCQ%20-Islamic%20Banking%20Products.pdf,English,"Maqsid, an Islamic term, refers to",Land and possessions,Objectives of Shari'ah.,Terms of a valid sale contract,A contract of sale which is binding,B,Takaful (Islamic Insurance)
385,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,How do Islamic and conventional banks perform a similar socially useful function?,By ensuring that transactions are based on real assets,By enabling the transfer of financial resources,By entering into partnership agreements with their clients,By avoiding transactions that involve unnecessary uncertainty,B,Investment & Equity Screening
386,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In a Musharaka, losses should be borne in direct proportion to:",responsibilities,risk,time spent,capital,D,Capital Markets & Sukuk
387,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,The Oxford English Dictionary defines ethics as the moral principles that govern behaviour or:,religious beliefs,knowledge of one`s actions,the conducting of an activity,society`s expectations,C,Islamic Banking Products & Operations
388,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"According to the AAOIFI code of ethics, an accountant should approach his work:",happily,objectively,selflessly,meticulously,B,Islamic Banking Products & Operations
389,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"If demand for a product is said to be inelastic, what is MOST likely to happen if its price is increased?",Demand will decrease,Supply will increase,Demand will remain the same,Both demand and supply will decrease,C,Islamic Banking Products & Operations
390,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"When reporting Mudaraba transactions on a balance sheet, how, if at all, are restricted investment accounts in the form of (proprietary) fund management treated differently to unrestricted investment accounts?",They are treated in the same way,They are reported as liabilities,They are reported as capital,They are reported as off-balance sheet items,D,Takaful (Islamic Insurance)
391,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,A trust transaction in which a bank keeps funds safe on behalf of a client is known as:,Amanah,Wa`d,Qard al-hassan,Wadia,A,Islamic Banking Products & Operations
392,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In Islamic finance, to earn a return, capital ought to be subject to:",risk,speculation,tax,uncertainty,A,Capital Markets & Sukuk
393,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following countries allows only fully Sharia`a-compliant systems?,Iran,Iraq,Kuwait,Oman,A,Islamic Banking Products & Operations
394,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In the Islamic economic system, how is the concept of ownership interpreted?","Absolute ownership lies with God, but individuals own and look after it","Absolute ownership lies with God, but the collective owns and looks after it","Ownership lies with the individual, although the collective should benefit from it","Ownership lies with the collective, although individuals should benefit from it",A,Takaful (Islamic Insurance)
395,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,What does the Sunnah contain?,An extract of the Quran,An independent commentary on the Quran,"The words, deeds and passive approval of the prophet",The scholarly interpretations,C,Islamic Banking Products & Operations
396,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,One of the objectives of maslahah is to:,encourage investment,prevent corruption,encourage ratiocination,prevent speculation,B,Investment & Equity Screening
397,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,A decision to allow or prohibit an activity based on its benefit to the public`s welfare is termed:,Ijma`,Fatwa al-sahabi,Sadd ad-dhara`i,Maslahah,D,Islamic Banking Products & Operations
398,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"The deontological view of ethics differs from the Islamic one, because it suggests actions can be justified solely by:",good intentions,freedom of choice,social status,happiness,A,Social Finance & Zakat
399,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In Islamic economics, ""equality"" refers to equality of:",wealth,education,opportunity,wages,C,Takaful (Islamic Insurance)
400,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In Islamic finance, linking the flow of money to an asset:",reduces the probability of a sudden and mass outflow of funds,increases the intrinsic value of money,encourages the probability of a sustained inflow of funds,enables money to be traded as a commodity,A,Investment & Equity Screening
401,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,In which country is the Islamic Financial Services Board based?,Malaysia,Saudi Arabia,Indonesia,Singapore,A,Investment & Equity Screening
402,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Why is the relativist theory of ethics often criticised?,The concept of goodness is ambiguous,It is focused solely on the interest of the individual,The end does not justify the means,It constrains independent thinking,B,Islamic Banking Products & Operations
403,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following is the BEST advantage that a conventional bank can offer to a fully Sharia`a-compliant bank when working together to offer Islamic finance?,Less regulation,Ability to charge interest,Larger distribution capabilities,Guaranteed return,C,Social Finance & Zakat
404,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following is a key difference between the activities carried out by an Islamic bank rather than a conventional bank?,Interbank liquidity management is not allowed,The bank acts as an intermediary between depositors and borrowers,Investments have to be Sharia`a-compliant,The bank carries out a socially useful function,C,Takaful (Islamic Insurance)
405,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,What organisation`s mission is to promote and enhance the soundness and stability of the Islamic financial services industry?,Accounting and Auditing Organisation for Islamic Financial Institutions,Islamic Development Bank,Islamic Financial Services Board,Islamic International Rating Agency,C,Investment & Equity Screening
406,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following describes an Islamic banking branch model?,Islamic financial services provided by a:,separate legal entity,"conventional bank, using separate offices","conventional bank, using the same distribution channels",B,Social Finance & Zakat
407,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,How does Zakat seek to achieve social responsibility in Islamic finance?,By reducing the profits of banks,By offering interest-free loans,By redistributing wealth,By establishing partnerships,C,Social Finance & Zakat
408,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,The literal meaning of Sharia`a is:,understanding,the path to water,the origin of methodology,the word of the prophet,B,Islamic Banking Products & Operations
409,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In 1969, which of the following entities facilitated a savings scheme for Muslim pilgrims?",Mit Gamhr Savings Bank,Bank Islami Bangladesh Limited,Tabung Haji,Kuwait Finance House,C,Social Finance & Zakat
410,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following types of nominate contract is used for operating leases?,Bai al-inah,Ijara,Ujra,Wakala,B,Islamic Banking Products & Operations
411,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In Islamic finance, money:",has no intrinsic value,can be traded for profit,is a commodity like any other,may be used to make more money,A,Social Finance & Zakat
412,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,The underlying basis of Islamic business ethics is that all wealth:,should be consumed,should be shared,is a blessing,belongs to Allah,D,Takaful (Islamic Insurance)
413,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,Which of the following is the Islamic legal term for a situation in which a lawful activity is prohibited in order to prevent undesirable results?,Istihsan,`Urf,Qiyas,Sadd ad-dhara`i,D,Takaful (Islamic Insurance)
414,https://links.cisi.org/cisiweb2/docs/default-source/atp-portal/training-material/fundamentals-of-islamic-banking-and-finance/fundamentals-of-islamic-banking-and-finance-cbt-sample-paper.pdf?sfvrsn=1f682502_6,English,"In Islamic society, what is the difference between restrictions and obligations?","Restrictions relate to individuals, whereas obligations relate to transactions","Restrictions relate to transactions, whereas obligations relate to individuals","Restrictions relate to products, whereas obligations relate to services","Restrictions relate to services, whereas obligations relate to products",B,Takaful (Islamic Insurance)
415,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the primary prohibition in Islamic finance?,Trading of stocks,Lending money with interest (Riba),Borrowing funds for personal use,Using credit cards,B,Capital Markets & Sukuk
416,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the concept of “Riba” in Islamic finance?,Profit-sharing in business,Interest charged on loans,Investment in stocks,Charitable donations,B,Investment & Equity Screening
417,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which of the following is allowed in Islamic finance?,Selling goods with guaranteed profits,Charging interest on loans,Profit-sharing based on actual business results,Investing in companies that produce alcohol,C,Takaful (Islamic Insurance)
418,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the main purpose of “Mudarabah” in Islamic banking?,Selling goods on credit,Joint investment with profit-sharing,Borrowing funds with interest,A guarantee on deposits,B,Takaful (Islamic Insurance)
419,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which of the following is true about “Murabaha” in Islamic banking?,A partnership arrangement between bank and customer,An interest-bearing loan for buying goods,A cost-plus financing arrangement where the bank sells an asset to the customer at a markup,A type of stock market investment,C,Islamic Banking Products & Operations
420,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,"In Islamic finance, which type of contract is used for asset financing?",Mudarabah,Ijarah,Murabaha,Musharakah,B,Islamic Banking Products & Operations
421,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the key characteristic of “Musharakah” in Islamic finance?,Profit-sharing agreement between two or more parties,Guaranteed interest rate,Borrowing funds for personal use,Fixed return on investment,A,Takaful (Islamic Insurance)
422,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which of the following is an example of a permissible transaction under Islamic finance?,Selling alcohol on credit,Investment in ethical stocks,Charging excessive fees for services,Engaging in gambling transactions,B,Investment & Equity Screening
423,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the purpose of “Zakat” in Islamic finance?,To reduce poverty through mandatory charity,To generate profits for banks,To promote gambling,To charge interest on savings,A,Social Finance & Zakat
424,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What does “Takaful” refer to in Islamic insurance?,A conventional insurance policy with interest-based returns,A community-based insurance model without interest or uncertainty,An insurance system based on gambling principles,A charity fund for the needy,B,Takaful (Islamic Insurance)
425,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,"In Islamic banking, what is the principle of “No Riba”?",Charging interest is strictly prohibited,Interest may be charged on high-risk loans,Borrowing and lending are allowed without restrictions,Only government loans can include interest,A,Islamic Banking Products & Operations
426,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the purpose of “Ijara” in Islamic finance?,A loan agreement with fixed interest,A lease agreement where the bank purchases and rents the asset to the client,A profit-sharing investment model,A guarantee for personal loans,B,Investment & Equity Screening
427,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the meaning of “Halal” in Islamic finance?,Permissible and ethical transactions according to Islamic law,Investment in stocks with high returns,Transactions based on speculation,Transactions involving interest,A,Investment & Equity Screening
428,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which of the following is prohibited under Islamic finance?,Investment in ethical businesses,"Investment in companies involved in alcohol, gambling, or pork",Lending with profit-sharing,Trade in non-harmful goods,B,Investment & Equity Screening
429,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is “Sukuk” in Islamic finance?,A type of insurance policy,Islamic bonds that comply with Shariah law,A conventional bank loan,A business partnership agreement,B,Capital Markets & Sukuk
430,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which describes the “Profit-and-Loss Sharing” concept?,Guaranteeing fixed returns to investors,Sharing the risk and reward based on actual results,Charging interest on investments,Investing in speculative ventures,B,Takaful (Islamic Insurance)
431,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the ruling on investment in haram industries?,Allowed with restrictions,Allowed only for Muslims,Strictly prohibited,Permitted if no interest involved,C,Investment & Equity Screening
432,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which principle of Islamic banking promotes ethical investing?,Charging high interest,Profit-sharing based on risk,Investment in high-risk speculation,Guaranteed returns with interest,B,Takaful (Islamic Insurance)
433,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is “Gharar” in Islamic finance?,Ethical investment strategy,Uncertainty or ambiguity in contracts,A form of fixed return investment,A charitable donation scheme,B,Investment & Equity Screening
434,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which is a characteristic of an Islamic bank?,Operates with interest-based system,Charges fixed interest,Does not deal in interest,Invests in speculative ventures,C,Takaful (Islamic Insurance)
435,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which financial instrument is Shariah-compliant alternative to bonds?,Sukuk,Shares,Loans with interest,Stock options,A,Investment & Equity Screening
436,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the key difference between Mudarabah and Musharakah?,Mudarabah: one party gives capital,Musharakah: only profit-sharing,Mudarabah: both contribute capital,Musharakah: loan-based,A,Islamic Banking Products & Operations
437,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What type of risk is shared in Mudarabah?,Only profit,Only capital loss,Capital + profit or loss,Risk of interest,C,Capital Markets & Sukuk
438,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is the Islamic view on insurance?,Conventional insurance allowed,Only life insurance allowed,Takaful permissible (mutual cooperation),Insurance forbidden always,C,Takaful (Islamic Insurance)
439,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which contract does NOT involve interest?,Mudarabah,Conventional loan,Investment in stocks,Murabaha,A,Islamic Banking Products & Operations
440,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which Islamic concept focuses on asset-backed financing?,Mudarabah,Ijarah,Murabaha,Sukuk,B,Islamic Banking Products & Operations
441,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,What is Zakat used for?,Generate wealth for banks,Community welfare system,Government services,Business taxation,B,Social Finance & Zakat
442,https://youthforpakistan.org/css/islamic-finance-banking-principles-mcqs/,English,Which is a principle of Islamic finance?,Charging compound interest,Profit-loss sharing based on risk & effort,Fixed return guaranteed,High-risk speculation,B,Takaful (Islamic Insurance)
443,https://www.cliffsnotes.com/study-notes/15730206,English,What is the main difference between Murabaha and Musawama contracts?,"Murabaha is a cost-plus-profit sale, while Musawama is a lump-sum sale","Murabaha is a deferred payment sale, while Musawama is a spot payment sale","Murabaha is a partnership contract, while Musawama is a sale contract","Murabaha is a fixed-rate contract, while Musawama is a variable-rate contract",A,Islamic Banking Products & Operations
444,https://www.cliffsnotes.com/study-notes/15730206,English,What is the meaning of Ijarah in Islamic finance?,Leasing,Manufacturing,Forward sale,Trust financing,A,Islamic Banking Products & Operations
445,https://www.cliffsnotes.com/study-notes/15730206,English,What are the main conditions for a valid Salam contract?,"Seller must own the goods, price must be certain, delivery must be immediate","Seller must deliver goods, price must be deferred, quality must be specified","Seller must specify goods, price must be paid in advance, delivery must be deferred","Seller must produce goods, price must be negotiable, delivery must be certain",C,Islamic Banking Products & Operations
446,https://www.cliffsnotes.com/study-notes/15730206,English,What is the main advantage of Istisnaa over Salam for the buyer?,Buyer can cancel the contract before delivery,Buyer can pay the price in installments,Buyer can specify the quality,Buyer can resell the goods before delivery,B,Islamic Banking Products & Operations
447,https://www.cliffsnotes.com/study-notes/15730206,English,What are the two types of profit-sharing contracts in Islamic finance?,Murabaha and Musawama,Ijarah and Salam,Mudaraba and Musharaka,Salam & Istisnaa,C,Islamic Banking Products & Operations
448,https://www.cliffsnotes.com/study-notes/15730206,English,What is the meaning of Musharakah in Arabic?,Sharing,Partnership,Cooperation,Trust,B,Islamic Banking Products & Operations
449,https://www.cliffsnotes.com/study-notes/15730206,English,What is the difference between Mudarabah and Musharakah?,"In Mudarabah, one partner provides capital; in Musharakah, both provide capital","In Mudarabah, both share profit & loss; in Musharakah, only one bears the loss","In Mudarabah, profit ratio is fixed; in Musharakah, profit ratio varies",All of the above,A,Islamic Banking Products & Operations
450,https://www.cliffsnotes.com/study-notes/15730206,English,What is the main advantage of Musharakah and Mudarabah over interest-based financing?,More ethical as risk/return is shared,"More efficient, avoids waste",More compatible with Islamic welfare principles,All of the above,D,Islamic Banking Products & Operations
451,https://www.cliffsnotes.com/study-notes/15730206,English,What is the meaning of Murabahah in Arabic?,Sale,Profit,Cost-plus,Trust,C,Islamic Banking Products & Operations
452,https://www.cliffsnotes.com/study-notes/15730206,English,Main feature of Murabahah as a mode of finance:,Bank buys a commodity and sells it at cost-plus profit,Bank leases property/equipment,Bank gives a loan with interest,None of the above,A,Islamic Banking Products & Operations
453,https://www.cliffsnotes.com/study-notes/15730206,English,Conditions for a valid Murabahah contract:,"Commodity must be halal, existing, owned, possessed",Price must be certain and agreed,"Payment must be deferred, fixed, unconditional",All of the above,D,Investment & Equity Screening
454,https://www.cliffsnotes.com/study-notes/15730206,English,What is the meaning of Salam in Arabic?,Advance,Peace,Delivery,Future,A,Islamic Banking Products & Operations
455,https://www.cliffsnotes.com/study-notes/15730206,English,Main feature of Salam in Islamic banking:,"Full price paid in advance, goods delivered later","Partial price paid, immediate delivery","Full price immediate, delivery later",None,A,Islamic Banking Products & Operations
456,https://www.cliffsnotes.com/study-notes/15730206,English,Conditions for a valid Salam contract:,"Commodity must be fungible, standardized","Quantity, quality, delivery date specified",Price must be paid in full in advance,All of the above,D,Islamic Banking Products & Operations
457,https://www.cliffsnotes.com/study-notes/15730206,English,Meaning of Istisna in Arabic:,Manufacturing,Order,Completion,Payment,A,Islamic Banking Products & Operations
458,https://www.cliffsnotes.com/study-notes/15730206,English,Main feature of Istisna in Islamic banking:,Price paid fully in advance or installments,Price paid upon delivery or installments,Price according to agreed schedule,Any of the above,D,Islamic Banking Products & Operations
459,https://www.cliffsnotes.com/study-notes/15730206,English,Conditions for a valid Istisna contract:,"Commodity must be possible, lawful, defined","Price, payment terms, delivery date agreed",Manufacturer must have skills/resources,All of the above,D,Islamic Banking Products & Operations
460,https://www.cliffsnotes.com/study-notes/15730206,English,What is the meaning of Mudaraba?,Contract of trust,Contract of partnership,Contract of sale,Contract of exchange,B,Capital Markets & Sukuk
461,https://www.cliffsnotes.com/study-notes/15730206,English,Types of Ijarah contracts:,"Ijarah Muntahia Bittamleek, Ijarah Thumma Al-Bai","Ijarah Mawsufah Fi Al-Zimmah, Ijarah Wa Iqtina","Ijarah Al-Khadamat, Ijarah Al-Ashkal",All of the above,D,Islamic Banking Products & Operations
462,https://www.cliffsnotes.com/study-notes/15730206,English,Conditions for Murabaha execution:,Bank must disclose cost/profit,Bank must own and possess goods,Bank must bear risk before delivery,All of the above,D,Takaful (Islamic Insurance)
463,https://www.cliffsnotes.com/study-notes/15730206,English,Differences between conventional bonds and sukuk:,"Conventional = debt-based, Sukuk = asset-based","Conventional pay interest, Sukuk pay profit","Conventional not tradable, Sukuk tradable",All of the above,D,Capital Markets & Sukuk
464,https://www.cliffsnotes.com/study-notes/15730206,English,Principal source of Shariah?,Qur’an,Sunnah,Ijma,Ijtihad,A,Investment & Equity Screening
465,https://www.cliffsnotes.com/study-notes/15730206,English,Meaning of Sunnah in Islamic law?,"Words, actions, practices of Prophet (pbuh)",Consensus of scholars,Analogical reasoning,Inspiration of Imams,A,Takaful (Islamic Insurance)
466,https://www.cliffsnotes.com/study-notes/15730206,English,Usuli vs. Akhbari difference:,Usuli uses four sources; Akhbari uses two,Usuli uses ijtihad; Akhbari rejects it,Usuli follows Imams; Akhbari follows Qur’an/Sunnah,All of the above,D,Islamic Banking Products & Operations
467,https://www.cliffsnotes.com/study-notes/15730206,English,Six canonical Sunni Hadith books:,"Bukhari, Muslim, Abu Dawood, Tirmidhi, Nasai, Ibn Majah","Bukhari, Muslim, Muwatta, Darimi, Bayhaqi, Ahmad","Bukhari, Muslim, Tirmidhi, Sughra, Kubra, Daraqutni","Bukhari, Muslim, Musannaf Ibn Abi Shayba, etc.",A,Islamic Banking Products & Operations
468,https://www.cliffsnotes.com/study-notes/15730206,English,Meaning of Qiyas:,Rulings of first Muslims,Seeking public interest,Juristic discretion,Analogical deduction,D,Islamic Banking Products & Operations
469,https://www.cliffsnotes.com/study-notes/15730206,English,Reason for using Murabaha:,To avoid interest,To share profit/loss,To invest socially,To diversify bank portfolio,A,Investment & Equity Screening
470,https://www.cliffsnotes.com/study-notes/15730206,English,Difference between Murabaha & Bai Muajjal:,"Murabaha = deferred sale, Muajjal = spot sale","Murabaha discloses cost/profit, Muajjal does not",Murabaha uses third-party supplier,All of the above,B,Islamic Banking Products & Operations
471,https://www.cliffsnotes.com/study-notes/15730206,English,Risk involved in Murabaha:,Customer default,Damage/loss of asset,Market fluctuations,All of the above,D,Capital Markets & Sukuk
472,https://www.cliffsnotes.com/study-notes/15730206,English,Conditions for valid Murabaha:,Asset must be halal/existing,Bank owns/possesses asset,Customer approves price,All of the above,D,Investment & Equity Screening
473,https://www.cliffsnotes.com/study-notes/15730206,English,Benefits of Murabaha for customer:,No upfront full payment,No interest/hidden charges,Benefit from bank expertise,All of the above,D,Islamic Banking Products & Operations
474,https://www.cliffsnotes.com/study-notes/15730206,English,What is Mudaraba?,"Partnership where one provides capital, one provides labor",Interest-based lending,Debt financing,Insurance contract,A,Islamic Banking Products & Operations
475,https://www.cliffsnotes.com/study-notes/15730206,English,Who is Rab al-Mal in Mudaraba?,Labor provider,Capital provider,Arbitrator,Regulator,B,Social Finance & Zakat
476,https://www.cliffsnotes.com/study-notes/15730206,English,Profit distribution in Mudaraba:,Only labor keeps profit,Only capital keeps profit,Shared by pre-agreed ratio,Based on market performance,C,Capital Markets & Sukuk
477,https://www.cliffsnotes.com/study-notes/15730206,English,Loss in Mudaraba:,Labor absorbs loss,Capital absorbs loss,Shared equally,Regulator covers,B,Islamic Banking Products & Operations
478,https://www.cliffsnotes.com/study-notes/15730206,English,Mudaraba is based on:,Riba,Gharar,Tawarruq,Profit-and-loss sharing,D,Islamic Banking Products & Operations
479,https://www.cliffsnotes.com/study-notes/15730206,English,What is Takaful?,Islamic mortgage,Islamic insurance,Interest-free banking,Islamic bond,B,Takaful (Islamic Insurance)
480,https://www.cliffsnotes.com/study-notes/15730206,English,Meaning of tabarru in Takaful:,Contribution to risk pool,Operator’s profit,Admin fees,Investment return,A,Takaful (Islamic Insurance)
481,https://www.cliffsnotes.com/study-notes/15730206,English,Key principle underlying Takaful?,Riba prohibited,Gharar forbidden,Maysir disallowed,All of the above,D,Takaful (Islamic Insurance)
482,https://www.cliffsnotes.com/study-notes/15730206,English,Parties in a Takaful contract:,Policyholder & beneficiary,Insurer & reinsurer,Policyholder & Takaful operator,None,C,Takaful (Islamic Insurance)
483,https://www.cliffsnotes.com/study-notes/15730206,English,Regulatory body for Takaful:,IFSB,IMF,World Bank,FATF,A,Takaful (Islamic Insurance)
484,https://www.cliffsnotes.com/study-notes/15730206,English,Which regulatory body oversees Takaful?,IFSB,IMF,World Bank,FATF,A,Takaful (Islamic Insurance)
485,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the primary principle of Islamic banking?,Interest-based income,Profit and loss sharing,Government subsidy,High-interest rates,B,Capital Markets & Sukuk
486,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Riba in Islamic finance?,Profit,Interest or usury,Donation,Asset transfer,B,Islamic Banking Products & Operations
487,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is NOT allowed in Islamic banking?,Earning interest,Profit-sharing,Partnership,Asset leasing,A,Takaful (Islamic Insurance)
488,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does Mudarabah refer to in Islamic finance?,A contract between partners for profit-sharing,A loan agreement,An  insurance policy,A government bond,A,Takaful (Islamic Insurance)
489,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these is a risk-sharing contract in Islamic finance?,Mudarabah,Conventional loan,Interest-bearing deposit,Corporate bond,A,Islamic Banking Products & Operations
490,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Murabaha?,A partnership,A sale with disclosed cost and profit margin,A charitable donation,A risk-free loan,B,Islamic Banking Products & Operations
491,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these is an acceptable investment under Islamic finance principles?,Alcohol production,Gambling business,Real estate,Speculative stock trading,C,Capital Markets & Sukuk
492,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks avoid which of the following?,Profit-sharing,Fixed interest rates,Asset-based financing,Business partnerships,B,Takaful (Islamic Insurance)
493,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does the term “Halal” mean in Islamic finance?,Forbidden,Permissible,Risky,Guaranteed,B,Investment & Equity Screening
494,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following contracts is based on joint venture principles?,Musharakah,Mudarabah,Murabaha,Ijara,A,Islamic Banking Products & Operations
495,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,The Sharia principle that discourages uncertain contracts is called…,Gharar,Riba,Zakat,Ijara,A,Islamic Banking Products & Operations
496,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Takaful?,Islamic  insurance,Interest-based deposit,Mutual fund,A type of bank loan,A,Takaful (Islamic Insurance)
497,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which organization issues guidelines for Islamic finance globally?,International Monetary Fund,Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI),World Bank,United Nations,B,Takaful (Islamic Insurance)
498,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Sukuk in Islamic finance?,Islamic bond,Charity fund,Loan,Credit card,A,Takaful (Islamic Insurance)
499,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic banking, a customer buys a property from the bank and then rents it under which type of contract?",Mudarabah,Ijara,Musharakah,Riba,B,Islamic Banking Products & Operations
500,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these contracts resembles a leasing agreement?,Ijara,Murabaha,Mudarabah,Qard Hasan,A,Islamic Banking Products & Operations
501,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Qard Hasan in Islamic finance?,Interest-free loan,Partnership investment,Short-term debt,Speculative investment,A,Islamic Banking Products & Operations
502,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is a principle of Islamic finance?,Wealth accumulation,Interest maximization,Ethical investments,High-risk investments,C,Takaful (Islamic Insurance)
503,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic finance term means “partnership”?,Murabaha,Musharakah,Qard Hasan,Sukuk,B,Islamic Banking Products & Operations
504,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,How is profit typically distributed in a Mudarabah contract?,Based on a pre-agreed ratio,Based on bank interest rates,Equally divided,Not shared,A,Islamic Banking Products & Operations
505,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks typically invest in…,Interest-bearing loans,"Ethical, Sharia-compliant assets",High-risk stocks,Lottery funds,B,Investment & Equity Screening
506,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which financial instrument is NOT used in Islamic banking?,Murabaha,Sukuk,Certificate of Deposit,Musharakah,C,Islamic Banking Products & Operations
507,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,The concept of “justice” in Islamic banking emphasizes…,Equal profit sharing,Fairness and avoiding exploitation,Maximizing interest,Restricting investments,B,Takaful (Islamic Insurance)
508,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following activities is considered Haram in Islamic finance?,Risk-sharing contracts,Leasing agreements,Interest-bearing loans,Profit-sharing investments,C,Takaful (Islamic Insurance)
509,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,An Islamic bank’s primary role is to…,Charge interest,Facilitate trade and commerce through Sharia-compliant contracts,Offer high-interest savings,Conduct high-risk investments,B,Capital Markets & Sukuk
510,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Istisna in Islamic finance?,Partnership contract,Manufacturing or construction contract,Fixed interest loan,Investment in stocks,B,Islamic Banking Products & Operations
511,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which principle of Islamic finance prohibits excessive uncertainty in contracts?,Mudarabah,Gharar,Musharakah,Sukuk,B,Capital Markets & Sukuk
512,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Wakalah in Islamic banking?,A type of partnership,An agency contract where one party acts on behalf of another,A loan agreement,A profit-sharing agreement,B,Islamic Banking Products & Operations
513,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks generate revenue mainly through…,Fixed interest rates,Trade and lease-based income,High-risk investments,Government subsidies,B,Takaful (Islamic Insurance)
514,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Bai’ al Salam?,A forward contract where the buyer pays in advance for future delivery,An interest-based loan,A type of insurance,A  mortgage,A,Islamic Banking Products & Operations
515,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic finance, what is meant by “Tawarruq”?",A charity donation,A loan taken by selling and repurchasing an asset,A government bond,A partnership,B,Islamic Banking Products & Operations
516,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Who monitors the Sharia compliance of Islamic financial institutions?,Sharia Supervisory Board,Federal Reserve,IMF,Corporate Board of Directors,A,Capital Markets & Sukuk
517,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is true about Mudarabah?,The investor has unlimited liability,"The investor provides capital, and the entrepreneur provides expertise",Both partners contribute capital,It involves a fixed interest rate,B,Capital Markets & Sukuk
518,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the main feature of a Sukuk bond?,It provides ownership in a specific asset,It is an interest-bearing bond,It is a high-risk investment,It is a speculative instrument,A,Investment & Equity Screening
519,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which concept in Islamic finance requires that investments avoid prohibited (Haram) industries?,Halal investing,Riba,Tawarruq,Gharar,A,Islamic Banking Products & Operations
520,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic banking, profit earned must be…",Pre-determined,Based on actual performance and risk-sharing,Based on a fixed interest rate,Guaranteed,B,Takaful (Islamic Insurance)
521,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does Sharia prohibit in Islamic banking transactions?,Ownership of assets,Payment of interest (Riba),Leasing of assets,Risk-sharing,B,Takaful (Islamic Insurance)
522,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the purpose of Zakat in Islamic finance?,Income generation,Charitable giving to promote social welfare,Interest generation,Currency exchange,B,Social Finance & Zakat
523,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is NOT a key objective of Islamic finance?,Social justice,Profit maximization without restrictions,Ethical investment,Prohibition of Riba,B,Social Finance & Zakat
524,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In a Musharakah agreement, what is shared between partners?",Only profits,Only losses,Both profits and losses,Only capital,C,Islamic Banking Products & Operations
525,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the difference between conventional bonds and Sukuk?,Sukuk does not pay any returns,Sukuk represents partial ownership in an asset,Conventional bonds are Sharia-compliant,Sukuk is a type of equity,B,Capital Markets & Sukuk
526,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks may finance housing through which structure?,Ijara or Diminishing Musharakah,Fixed interest loan,Mortgage,Credit card facility,A,Islamic Banking Products & Operations
527,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following describes Gharar in Islamic finance?,Trading with full information and transparency,Uncertainty or ambiguity in contracts,Sharing profits and losses,Avoiding unethical investments,B,Capital Markets & Sukuk
528,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does Sharia compliance mean in Islamic banking?,Aligning with secular financial regulations,Complying with Islamic law in financial activities,Following international banking standards,Paying taxes on profits,B,Investment & Equity Screening
529,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Who assumes the operational risk in a Mudarabah contract?,The bank only,The investor only,Both bank and investor,Only the entrepreneur,D,Takaful (Islamic Insurance)
530,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic banking, what is Hibah?",Charitable donation,Interest payment,Free gift or goodwill gesture,Joint investment,C,Islamic Banking Products & Operations
531,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks cannot invest in…,Government bonds,Interest-bearing securities,Real estate,Equity in compliant companies,B,Capital Markets & Sukuk
532,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic finance structure is used for trade financing?,Murabaha,Mudarabah,Musharakah,Sukuk,A,Islamic Banking Products & Operations
533,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic finance promotes the principle of…,Wealth accumulation without limits,Wealth distribution and social equity,High-risk investment,Speculative trading,B,Social Finance & Zakat
534,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is a Sharia-compliant investment in the stock market?,Companies that deal in alcohol,Gambling enterprises,Islamic banks and Halal-certified businesses,High-risk derivatives,C,Investment & Equity Screening
535,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic finance concept is based on risk-free returns?,Musharakah,Murabaha,Riba,Sukuk,B,Islamic Banking Products & Operations
536,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Ijara, who owns the asset during the lease term?",The lessee,The bank or lessor,Joint ownership,Government,B,Investment & Equity Screening
537,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does “Halal” signify in investments?,Prohibited activities,Permissible or lawful activities,Risky investments,Interest-based returns,B,Investment & Equity Screening
538,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is “Maysir” in Islamic finance?,Gambling or speculative transactions,Profit-sharing contracts,Islamic bonds,Joint ventures,A,Capital Markets & Sukuk
539,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is an example of an ethical investment in Islamic banking?,Casino businesses,Renewable energy projects,Tobacco companies,High-interest loans,B,Islamic Banking Products & Operations
540,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,The prohibition of interest in Islamic finance primarily promotes…,Speculative investment,Economic justice and fairness,High returns on capital,Risk-free investments,B,Capital Markets & Sukuk
541,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks offer Takaful as an alternative to…,Traditional  insurance,High-risk investments,Stock options,Fixed deposits,A,Takaful (Islamic Insurance)
542,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following products would NOT exist in an Islamic bank?,Riba-based savings account,Mudarabah-based savings account,Sukuk bonds,Ijara leasing,A,Capital Markets & Sukuk
543,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,An investment in a non-Sharia compliant sector is considered…,Gharar,Halal,Haram,Hibah,C,Investment & Equity Screening
544,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,The principle of avoiding exploitation and injustice in financial transactions is referred to as…,Wakalah,Takaful,Adl (justice),Gharar,C,Takaful (Islamic Insurance)
545,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the primary goal of Takaful in Islamic finance?,Profit maximization,Community-based risk sharing,Interest generation,Stock market investment,B,Capital Markets & Sukuk
546,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic banking, what is Diminishing Musharakah?",A form of loan agreement,A declining partnership where one party gradually buys out the other,A charity-based fund,A fixed interest contract,B,Islamic Banking Products & Operations
547,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following describes Bay al-Inah?,Lease agreement,Sale and buy-back arrangement,Partnership investment,Islamic insurance,B,Takaful (Islamic Insurance)
548,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which term in Islamic finance is synonymous with “speculation”?,Takaful,Maysir,Murabaha,Waqf,B,Social Finance & Zakat
549,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic finance, the concept of “Waqf” refers to…",Endowment for charitable purposes,Interest-based loans,Trade finance,Profit-sharing contract,A,Social Finance & Zakat
550,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which contract involves an asset purchased by the bank and sold to the customer with a profit margin?,Musharakah,Murabaha,Ijara,Takaful,B,Islamic Banking Products & Operations
551,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is one major difference between Takaful and conventional insurance?,"Takaful operates on risk pooling, not risk transfer",Takaful offers higher returns,Takaful is based on interest,Takaful guarantees profits,A,Takaful (Islamic Insurance)
552,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic finance concept allows for pre-payment in a sale for future goods delivery?,Istisna,Salam,Qard Hasan,Ijara,B,Islamic Banking Products & Operations
553,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"Under Mudarabah, if a loss occurs, who bears it?",The entrepreneur,Both parties equally,The investor,The bank only,C,Islamic Banking Products & Operations
554,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic finance principle emphasizes fairness and equitable distribution of wealth?,Zakat,Riba,Maysir,Gharar,A,Social Finance & Zakat
555,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is “Gharar” often associated with in Islamic finance?,Transparency,Uncertainty or ambiguity,High profit,Charity,B,Social Finance & Zakat
556,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the role of the Sharia Supervisory Board in Islamic banks?,To set interest rates,To monitor compliance with Sharia law,To provide loans,To regulate the stock market,B,Capital Markets & Sukuk
557,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which Islamic banking principle prohibits investments in certain industries like alcohol and gambling?,Mudarabah,Takaful,Haram investment restriction,Sukuk,C,Takaful (Islamic Insurance)
558,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic finance, an agreement where the bank buys goods on behalf of a client and sells them at a profit is called…",Murabaha,Musharakah,Gharar,Sukuk,A,Islamic Banking Products & Operations
559,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,How is income typically generated in a Sukuk?,Through fixed interest payments,By asset-based revenue or lease rentals,By speculation in high-risk assets,By charity,B,Social Finance & Zakat
560,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the Islamic banking stance on debt?,It allows high-interest loans,It encourages interest-free or profit-sharing arrangements,It promotes speculative investments,It prohibits all forms of debt,B,Takaful (Islamic Insurance)
561,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,An Islamic financial institution should avoid…,Speculative transactions and gambling,Profit-sharing contracts,Asset-backed securities,Investments in real estate,A,Capital Markets & Sukuk
562,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks often promote which of the following for home financing?,Fixed-rate  mortgages,Mudarabah investments,Ijara and Diminishing Musharakah,High-interest loans,C,Islamic Banking Products & Operations
563,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is one main difference between Islamic and conventional banking?,Islamic banks do not charge interest,Islamic banks offer higher profits,Islamic banks are solely for Muslims,Islamic banks do not offer savings accounts,A,Takaful (Islamic Insurance)
564,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic finance, an arrangement for leasing is referred to as…",Sukuk,Ijara,Mudarabah,Waqf,B,Social Finance & Zakat
565,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is discouraged in Islamic banking?,Asset-backed lending,Interest-bearing loans,Profit-sharing contracts,Partnership investments,B,Takaful (Islamic Insurance)
566,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these best describes the purpose of Sukuk?,To invest in high-risk stocks,To provide interest-bearing loans,To raise funds for Sharia-compliant projects,To finance gambling enterprises,C,Investment & Equity Screening
567,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is Musharakah primarily used for?,Fixed interest loans,Profit and loss sharing investments,Short-term loans,Unethical investments,B,Islamic Banking Products & Operations
568,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks are required to contribute a percentage of their profits to…,Interest reserves,Government funds,Zakat (charity),Stock market investments,C,Social Finance & Zakat
569,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following products is unique to Islamic banking?,Savings account,Fixed deposit,Qard Hasan (interest-free loan),Mortgage,C,Islamic Banking Products & Operations
570,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which principle prevents excessive uncertainty in Islamic financial contracts?,Ijara,Gharar,Mudarabah,Riba,B,Islamic Banking Products & Operations
571,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What is the primary difference between Takaful and conventional  insurance?,Takaful operates on mutual cooperation rather than profit maximization,Takaful guarantees interest,Takaful policies are more expensive,Takaful allows speculative risk,A,Takaful (Islamic Insurance)
572,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following is a core value in Islamic banking?,Economic fairness and justice,Unlimited profit-taking,Unethical investments,Interest maximization,A,Islamic Banking Products & Operations
573,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of the following contracts is considered Halal in Islamic banking?,Lottery investment,Murabaha,Interest-bearing loan,Speculative stocks,B,Investment & Equity Screening
574,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,What does a Musharakah agreement typically involve?,A partnership with profit and loss sharing,A loan with fixed interest,A risk-free investment,An agreement based on charity,A,Islamic Banking Products & Operations
575,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"The principle of “no pain, no gain” in Islamic finance is related to…",Riba,Gharar,Profit and loss sharing,Maysir,C,Takaful (Islamic Insurance)
576,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which contract is typically used in Islamic home financing?,Qard Hasan,Ijara,Short-term loan,Credit card,B,Islamic Banking Products & Operations
577,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banking encourages which of the following?,Speculative investments,High-risk trading,Social responsibility,Fixed income bonds,C,Capital Markets & Sukuk
578,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,The prohibition of Riba in Islamic banking promotes…,Fair and ethical trading,High-interest loans,Wealth accumulation at all costs,Risk-free investments,A,Capital Markets & Sukuk
579,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic banking, a loan given without interest is called…",Qard Hasan,Mudarabah,Riba,Sukuk,A,Islamic Banking Products & Operations
580,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic banks operate on principles of…,Fixed interest rates,Equity and ethical values,High-risk loans,Profit maximization without limitations,B,Investment & Equity Screening
581,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these is an acceptable industry for Islamic investment?,Alcohol production,Renewable energy,Gambling,Conventional banks,B,Investment & Equity Screening
582,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,"In Islamic finance, Zakat helps promote…",Wealth redistribution for social welfare,Fixed interest income,High-risk investments,Speculative trading,A,Social Finance & Zakat
583,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Which of these transactions is avoided in Islamic finance due to its speculative nature?,Real estate purchase,Maysir (gambling),Equipment leasing,Trade financing,B,Islamic Banking Products & Operations
584,https://bankingallinfo.com/banking-multiple-choice-questions-mcq/,English,Islamic finance prohibits business transactions that involve…,Sharing profits,"Speculation, interest, and unethical industries",Risk and reward sharing,Social responsibility,B,Takaful (Islamic Insurance)