MCQOPTIONS
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| 1. |
Which of the following statements are true with reference to Islamic Banking:nI. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam.nII. The Reserve Bank of India has decided not to pursue a proposal for introduction of Islamic banking in the country.nIII. The issue of introduction of Islamic banking in India was proposed by former RBI Governor Raghuram Rajan. |
| A. | Only II |
| B. | II and III |
| C. | I and III |
| D. | All of the above |
| Answer» E. | |