MCQOPTIONS
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MCQOPTIONS
This section includes 6 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A type of partnership where one party offer funds while other gives expertise and management is |
| A. | murabaha |
| B. | musharika |
| C. | ijarah |
| D. | mudarabah |
| Answer» E. | |
| 2. |
An agreement in which advance fee is made for commodities to be delivered afterwards on is |
| A. | murabaha |
| B. | baisalam |
| C. | ijarah |
| D. | b& c |
| Answer» E. | |
| 3. |
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 |
| A. | shirkat-ul-aqd |
| B. | shirkat-ul-ainan |
| C. | shirkat-ul-dain |
| D. | shirkat-ul-milk |
| Answer» C. shirkat-ul-dain | |
| 4. |
Mutually or equally using an asset by taking twists under conditions where partners or joint vendors are on superior stipulations is |
| A. | musharikaintifa |
| B. | musharika |
| C. | ijarah |
| D. | hibah |
| Answer» B. musharika | |
| 5. |
The term Shirrkah al- aqd in Islamic commercial law refers to a partnership or joint venture 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 | |
| 6. |
An investor and his customer contribute either in shared possession of an assets or equipment, or in a combined commercial venture is |
| A. | diminishing musharika |
| B. | musharika |
| C. | ijarah |
| D. | salam |
| Answer» B. musharika | |