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. |
Negotiation of a selling price among two parties exclusive of reference by seller to either costs or asking price is |
| A. | ijarah wa iqtna |
| B. | ijarah |
| C. | musawamah |
| D. | musharika |
| Answer» D. musharika | |
| 2. |
What is the most widely used Islamic mode of financing in asset side operation of Islamic banks? |
| A. | murabaha |
| B. | ijarah |
| C. | salam |
| D. | diminishing musharakah |
| Answer» B. ijarah | |
| 3. |
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 | |
| 4. |
Banking or banking action that is consistent with main beliefs of Shariah and its realistic application from beginning to end improvement of Islamic economics is |
| A. | islamic banking |
| B. | development bank |
| C. | conventional banking |
| D. | b& c |
| Answer» B. development bank | |
| 5. |
A joint project or partnership formation with profit/loss contribution implications that is used in Islamic finance as an alternative of interest-bearing loans is |
| A. | ijarah |
| B. | musharika |
| C. | murabah |
| D. | hibah |
| Answer» D. hibah | |
| 6. |
Products of first type may be given to Musharika in capital while second kind of products cannot be a part of capital observation of |
| A. | imam maliki |
| B. | imam hanafi |
| C. | imam shafi |
| D. | imam hanabli |
| Answer» D. imam hanabli | |