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MCQs

Total Questions : 56 | Page 1 of 6 pages
Question 1. Proportion of profit for all partners must be determined in ratio to the
  1.    actual profit
  2.    remaining profit
  3.    prescribed profit
  4.    extra profit
 Discuss Question
Answer: Option A. -> actual profit
Answer: (a).actual profit
Question 2. Which is liability side financing out of these means
  1.    large enterprise financing
  2.    t-bills and federal investment bonds / debenture
  3.    inter- bank lending / borrowing
  4.    b & c
 Discuss Question
Answer: Option D. -> b & c
Answer: (d).b & c
Question 3. What is asset side financing out of these means
  1.    large enterprise financing
  2.    import financing
  3.    Letter of credit with margin (for musharika)
  4.    all of answers are correct
 Discuss Question
Answer: Option D. -> all of answers are correct
Answer: (d).all of answers are correct
Question 4. A pioneering attempt, in Shariah compliant investments banking was undertaken in 1963 in
  1.    Oman
  2.    Saudia Arabia
  3.    Egypt
  4.    Pakistan
 Discuss Question
Answer: Option C. -> Egypt
Answer: (c).Egypt
Question 5. Expression Finance Certificates & Certificate of Investment in Musharika is
  1.    liability side financing
  2.    liability
  3.    assets
  4.    assets side financing
 Discuss Question
Answer: Option A. -> liability side financing
Answer: (a).liability side financing
Question 6. Giving share of investor to customer on lease is the
  1.    basis of musharika
  2.    basis of diminishing musharika
  3.    basis of ijarah
  4.    basis of hibah
 Discuss Question
Answer: Option B. -> basis of diminishing musharika
Answer: (b).basis of diminishing musharika
Question 7. 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
  1.    shirkat-ul-aqd
  2.    shirkat-ul-ainan
  3.    shirkat-ul-dain
  4.    shirkat-ul-milk
 Discuss Question
Answer: Option B. -> shirkat-ul-ainan
Answer: (b).shirkat-ul-ainan
Question 8. How much etc in Musharika is related to
  1.    quantified
  2.    maloom
  3.    specified
  4.    a & b
 Discuss Question
Answer: Option D. -> a & b
Answer: (d).a & b
Question 9. Profits shall be divided in ratio mutually settled in the
  1.    deed
  2.    contract
  3.    prescribed
  4.    all of answers are correct
 Discuss Question
Answer: Option D. -> all of answers are correct
Answer: (d).all of answers are correct
Question 10. Working capital financing in Musharika is
  1.    liability side financing
  2.    asset side financing
  3.    assets
  4.    liabilities
 Discuss Question
Answer: Option B. -> asset side financing
Answer: (b).asset side financing

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