MCQOPTIONS
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MCQOPTIONS
This section includes 3839 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 551. |
Mutually or equally using an asset by taking twists under conditions where partners orjoint vendors are on superior stipulations is |
| A. | musharikaintifa |
| B. | musharika |
| C. | ijarah |
| D. | hibah |
| Answer» B. musharika | |
| 552. |
What does the abbreviation IFSB stands for |
| A. | islamic finance supervision and banking |
| B. | islamic financial supervisory board |
| C. | islamic financial services board |
| D. | islamic financial services bank |
| Answer» D. islamic financial services bank | |
| 553. |
What does the abbreviation IFI stand for in Islamic banking? |
| A. | islamic forum for intermediation |
| B. | islamic finance industry |
| C. | islamic financial instrument |
| D. | islamic financial institution |
| Answer» E. | |
| 554. |
Tameen is another name for |
| A. | takaful (islamic insurance) |
| B. | faqir (a poor person) |
| C. | shirkah (partnership) |
| D. | tatfif (fraud) |
| Answer» B. faqir (a poor person) | |
| 555. |
The Islamic financial system is founded on |
| A. | cancellation, revocation of debt |
| B. | absolute prohibition of the payment or receipt of any predetermined, guaranteed rate of return |
| C. | imposition of an obligatory tax on earnings |
| D. | land and property tax levied by the state |
| Answer» C. imposition of an obligatory tax on earnings | |
| 556. |
Wakalah is used by Islamic banks mostly for |
| A. | consumer loans |
| B. | sales through documents |
| C. | fund management |
| D. | guaranteeing payments |
| Answer» D. guaranteeing payments | |
| 557. |
Shariah provides a network of ethical and moral rules of behaviour for |
| A. | potential buyers |
| B. | travelling merchants |
| C. | all participants in market |
| D. | muslims only |
| Answer» D. muslims only | |
| 558. |
Deposits placed with banks practically take the form of |
| A. | donations from depositors to the bank |
| B. | a sale contracts with the bank |
| C. | authority to the bank to lent monies |
| D. | loans from depositors to the bank |
| Answer» E. | |
| 559. |
Islamic financial system seeks to |
| A. | encourage wasteful expenditure |
| B. | administer land revenue |
| C. | postpone debt repayment |
| D. | enhance equality and fairness in financial dealings for the good of society as whole |
| Answer» E. | |
| 560. |
An agreement in which advance fee is made for commodities to be delivered afterwardson is |
| A. | murabaha |
| B. | baisalam |
| C. | ijarah |
| D. | b& c |
| Answer» E. | |
| 561. |
An investor and his customer contribute either in shared possession of an assets orequipment, or in a combined commercial venture is |
| A. | diminishing musharika |
| B. | musharika |
| C. | ijarah |
| D. | salam |
| Answer» B. musharika | |
| 562. |
Islamic corporate governance promotes |
| A. | currency reserves |
| B. | ethical and moral behaviour |
| C. | debt whose repayment is postponed |
| D. | specialised large-scale commercial institutions |
| Answer» C. debt whose repayment is postponed | |
| 563. |
The term Hiba refers to a contract of |
| A. | money payment |
| B. | gift |
| C. | investment |
| D. | deposit |
| Answer» C. investment | |
| 564. |
Takaful, a form of Islamic insurance, refer to a scheme for |
| A. | struggling for livelihood |
| B. | perfect ownership |
| C. | equal distribution of wealth |
| D. | mutual assistance and shared responsibility |
| Answer» E. | |
| 565. |
The Arabic term Haq means |
| A. | legal rights |
| B. | credit proposal |
| C. | taking full responsibility |
| D. | kind of sale |
| Answer» B. credit proposal | |
| 566. |
The Arabic term Qimah implies |
| A. | duties of a man to god |
| B. | a particular situation |
| C. | sharing certain risk |
| D. | sale of the real value of goods |
| Answer» E. | |
| 567. |
A most ordinary kind of Shirkat-ul-Aqd where equality in capital, management orliability might be identical in one case but not in all respect meaning either profit is equal but not labour or vice versa is |
| A. | shirkat-ul-aqd |
| B. | shirkat-ul-ainan |
| C. | shirkat-ul-dain |
| D. | shirkat-ul-milk |
| Answer» C. shirkat-ul-dain | |
| 568. |
Maqsid, an Islamic term, refers to |
| A. | land and possessions |
| B. | objectives of shari'ah. |
| C. | terms of a valid sale contract |
| D. | a contract of sale which is binding |
| Answer» C. terms of a valid sale contract | |
| 569. |
The Arabic term Ayn refers to |
| A. | time of possession |
| B. | fixation of cost |
| C. | a tangible (physical asset) |
| D. | conditions |
| Answer» D. conditions | |
| 570. |
Ijarah literally means |
| A. | price of goods |
| B. | type of transaction |
| C. | risk or loss or fraud |
| D. | to give something on rent |
| Answer» E. | |
| 571. |
Under a Salam contract goods are |
| A. | not delivered until payment is made |
| B. | taxed before delivery |
| C. | purchased for delivery in future |
| D. | delivered for payment later |
| Answer» D. delivered for payment later | |
| 572. |
The term Kafalah in islamic commercial law refers to |
| A. | finance |
| B. | guarantee |
| C. | purchase |
| D. | bargain |
| Answer» C. purchase | |
| 573. |
The termWaqf refers to |
| A. | bill of exchange |
| B. | what is due to the state treasury |
| C. | promissory note |
| D. | charitable foundation or trust |
| Answer» E. | |
| 574. |
The term Dhaman in Islamic commercial law refers to |
| A. | islamic banking operations |
| B. | several types of islamic financial transactions |
| C. | the taking on of a liability or responsibility of another person |
| D. | commercial activities of islamic banks |
| Answer» D. commercial activities of islamic banks | |
| 575. |
Religious supervisory board of Islamic banks plays an important role in |
| A. | determination of the ratio of profit-sharing according to islamic principles. |
| B. | raising capital for the banks according to islamic principles. |
| C. | introduction of new product and services that comply with islamic princples. |
| D. | mobilisation of funds according to islamic principles |
| Answer» D. mobilisation of funds according to islamic principles | |
| 576. |
The term Riba literally means |
| A. | any speculation |
| B. | any excess |
| C. | any profit |
| D. | any wealth |
| Answer» C. any profit | |
| 577. |
The term Shirrkah – al- aqd in Islamic commercial law refers to a partnership or jointventure formed by……… |
| A. | payment of a fixed price |
| B. | safe keeping |
| C. | contract |
| D. | ruling by the shariah scholars |
| Answer» D. ruling by the shariah scholars | |
| 578. |
The Islamic financial system prohibits transactions featuring |
| A. | extreme uncertainties resulting from speculation and gambling |
| B. | sharing of profit and risk of loss |
| C. | partnership agreements |
| D. | trading for profit |
| Answer» B. sharing of profit and risk of loss | |
| 579. |
Amanah in Islamic banking refers to |
| A. | a deposit held in trust which creates various fiduciary duties. |
| B. | an expert who is consulted for advice on islamic law. |
| C. | an interest-free loan. |
| D. | a loan that does not have to be repaid |
| Answer» B. an expert who is consulted for advice on islamic law. | |
| 580. |
Are Islamic banking products for Muslims only |
| A. | for muslims and and those non-muslims who are allowed by sharri'ah scholars. |
| B. | no |
| C. | yes |
| D. | for muslims and those who convert to muslims |
| Answer» C. yes | |
| 581. |
The term Hawalah refers to a contract of |
| A. | profit loss sharing |
| B. | repayment of loans |
| C. | assignment of debt |
| D. | profit sharing |
| Answer» D. profit sharing | |
| 582. |
The Shari'ah is set of rules or law governing |
| A. | spending on objects which have been explicitly prohibited. |
| B. | the quantity and quality of a good for sale |
| C. | economic, social, political and cultural aspects of islam societies. |
| D. | principles of partnership |
| Answer» D. principles of partnership | |
| 583. |
Which of the following is a type of investing instrument? |
| A. | musharakah |
| B. | tawarruq |
| C. | kafalah |
| D. | qimar |
| Answer» B. tawarruq | |
| 584. |
Method of trading in OTCEI is |
| A. | Floor based- Order driven |
| B. | Screen based- Code driven |
| C. | Screen based - Order driven |
| D. | Floor based - Quote driven |
| Answer» C. Screen based - Order driven | |
| 585. |
“AMBI” stand for |
| A. | Association of Management of Banks in India |
| B. | Association of Merchant banks in India |
| C. | Association of Modern Banks in India |
| D. | Automated Mechanism for Borrowing and Investment |
| Answer» C. Association of Modern Banks in India | |
| 586. |
Speculator who neither buy nor sell securities in the market, but still trade on them arecalled |
| A. | Wolve |
| B. | Stag |
| C. | Bull |
| D. | Bear |
| Answer» C. Bull | |
| 587. |
ALBM (Automated Lending &Borrowing Mechanism) was introduced by |
| A. | NSDL |
| B. | SEBI |
| C. | NSCCL |
| D. | CDSL |
| Answer» D. CDSL | |
| 588. |
The scheme in which company can allot shares not more than 15% of the issue size, tothe public in addition to the shares already offered- is called |
| A. | Right issue |
| B. | ESOPs |
| C. | Green shoe option |
| D. | Bonus issue |
| Answer» D. Bonus issue | |
| 589. |
Bear speculators are also known as |
| A. | Tharawaniwalas |
| B. | Tejiwalas |
| C. | Mandiwalas |
| D. | Badliwalas |
| Answer» D. Badliwalas | |
| 590. |
The process in which illiquid assets are converted into marketable securities is known as |
| A. | Mutualisation |
| B. | Dematerialisation |
| C. | Rematerialisation |
| D. | Securitisation |
| Answer» E. | |
| 591. |
National Stock Exchange (NSE) established in the year |
| A. | 1990 |
| B. | 1992 |
| C. | 1995 |
| D. | 1999 |
| Answer» C. 1995 | |
| 592. |
----------- is dealing in securities done by those who having access to price sensitiveinformation. |
| A. | Margin trading |
| B. | Insider trading |
| C. | Price rigging |
| D. | Wash sales |
| Answer» C. Price rigging | |
| 593. |
Credit rating indicates -------- of a company |
| A. | Financial status |
| B. | Overall efficiency |
| C. | Management efficiency |
| D. | All the above |
| Answer» B. Overall efficiency | |
| 594. |
The process of managing the sales ledger of a client by a financial service company iscalled |
| A. | forfaiting |
| B. | factoring |
| C. | leasing |
| D. | None of these. |
| Answer» C. leasing | |
| 595. |
Shares of well established and financially sound compnies,with very little investmentrisk and good history of earnings is known as |
| A. | Alpha shares |
| B. | Blue chip shares |
| C. | Star stock |
| D. | Beta stock |
| Answer» C. Star stock | |
| 596. |
In listed securities, “Group B shares” are also known as |
| A. | Specified shares |
| B. | Non-Cleared securities |
| C. | Non- specified shares |
| D. | Both b & c above |
| Answer» E. | |
| 597. |
Central office of Life Insurance Corporation of India is located at |
| A. | New Delhi |
| B. | Kolkata |
| C. | Mumbai |
| D. | Bangalore |
| Answer» B. Kolkata | |
| 598. |
-------- is a permission to quote securities officially on the trading floor of stockexchange |
| A. | Origination |
| B. | Underwriting |
| C. | Distribution |
| D. | Listing |
| Answer» E. | |
| 599. |
----------- is the process of converting security in electronic form into physical form |
| A. | Rematerialisation |
| B. | Dematerialisation |
| C. | Demutualisation |
| D. | Mutualisation |
| Answer» B. Dematerialisation | |
| 600. |
Credit rating is only a / an.............. |
| A. | Opinion |
| B. | Recommendation |
| C. | Suggestion |
| D. | Advice |
| Answer» B. Recommendation | |