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MCQs

Total Questions : 56 | Page 6 of 6 pages
Question 51. Word Musharika is originated from Arabic word Sharikah meaning
  1.    friends
  2.    ijarah
  3.    lessor
  4.    partnership
 Discuss Question
Answer: Option D. -> partnership
Answer: (d).partnership
Question 52. It is authorized that if a partner is not working, his profit share can be recognized as less than his capital share is fundamental law of musharika
  1.    distribution of loss
  2.    distribution of profit
  3.    distribution of interest
  4.    b & c
 Discuss Question
Answer: Option B. -> distribution of profit
Answer: (b).distribution of profit
Question 53. Sharikah is chief term than
  1.    ijarah
  2.    murabaha
  3.    musharika
  4.    shirkat-ul-ainan
 Discuss Question
Answer: Option C. -> musharika
Answer: (c).musharika
Question 54. Islamic banking structure is based on
  1.    risk sharing
  2.    interest sharing
  3.    a & b
  4.    premium sharing
 Discuss Question
Answer: Option A. -> risk sharing
Answer: (a).risk sharing
Question 55. A method where payments are prepared in phases to aid stage wise progress in Manufacturing / processing / building works is
  1.    Istisna
  2.    ijarah wa iqtna
  3.    takaful
  4.    wadiah
 Discuss Question
Answer: Option A. -> Istisna
Answer: (a).Istisna
Question 56. Quran forbids
  1.    gambling
  2.    interest sharing
  3.    gharar
  4.    all of answers are correct
 Discuss Question
Answer: Option D. -> all of answers are correct
Answer: (d).all of answers are correct

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