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MCQs

Total Questions : 56 | Page 5 of 6 pages
Question 41. A bank is considered as a custodian and trustee of money is
  1.    Wadiah
  2.    safekeeping
  3.    a & b
  4.    Hibah
 Discuss Question
Answer: Option C. -> a & b
Answer: (c).a & b
Question 42. Sukuk is Arabic name stand for
  1.    financial liabilities
  2.    financial certificates
  3.    financial assets
  4.    financial loans
 Discuss Question
Answer: Option B. -> financial certificates
Answer: (b).financial certificates
Question 43. A type of partnership where one party offer funds while other gives expertise and management is
  1.    murabaha
  2.    musharika
  3.    ijarah
  4.    mudarabah
 Discuss Question
Answer: Option D. -> mudarabah
Answer: (d).mudarabah
Question 44. Shirkat-ul-wujooh has its origin in Arabic word
  1.    wajahat
  2.    wajahee
  3.    waujooh
  4.    wajhee
 Discuss Question
Answer: Option A. -> wajahat
Answer: (a).wajahat
Question 45. Word Musharika is originated from the
  1.    latin word
  2.    arabic word
  3.    persian word
  4.    french word
 Discuss Question
Answer: Option B. -> arabic word
Answer: (b).arabic word
Question 46. Shirkat-ul-wujooh has its origin in Arabic phrase Wajahat meaning
  1.    reputation
  2.    goodwill
  3.    liabilities
  4.    assets
 Discuss Question
Answer: Option B. -> goodwill
Answer: (b).goodwill
Question 47. An agreement in which advance fee is made for commodities to be delivered afterwards on is
  1.    murabaha
  2.    bai salam
  3.    ijarah
  4.    b& c
 Discuss Question
Answer: Option B. -> bai salam
Answer: (b).bai salam
Question 48. Whose outcomes are concealed is gharar describes by
  1.    hanafi school
  2.    hanbali school
  3.    zahiri school
  4.    shafi school
 Discuss Question
Answer: Option A. -> hanafi school
Answer: (a).hanafi school
Question 49. Banks are dealing a large number of commodities and services and facing a strong competition to attract
  1.    potential buyers
  2.    potential customers
  3.    potential employees
  4.    potential sellers
 Discuss Question
Answer: Option B. -> potential customers
Answer: (b).potential customers
Question 50. A assets in Shirkat-ul-milk is mutually possessed but not separated yet, is known as
  1.    shirkat-ul-milk
  2.    shirkat-al-aqd
  3.    shirkah
  4.    musha
 Discuss Question
Answer: Option D. -> musha
Answer: (d).musha

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