Top 50+ Solved Islamic Financial Institutions MCQ Questions Answer
Q. An Ordinance was propagates to permit establishment of
a. mudaraba companies
b. musharika companies
c. murabah companies
d. all of answers are correct
Q. Negotiation of a selling price among two parties exclusive of reference by seller toeither costs or asking price is
a. ijarah wa iqtna
b. ijarah
c. musawamah
d. musharika
Q. What is the most widely used Islamic mode of financing in asset side operation ofIslamic banks?
a. murabaha
b. ijarah
c. salam
d. diminishing musharakah
Q. The following items are major components of Islamic banking and finance except
a. islamic banking
b. takaful (insurance)
c. stock exchange
d. capital market
Q. Islamic bonds can be rated on the two basis
a. long term and short term
b. sovereign and corporate
c. public and private
d. none of the above
Q. Islamic bank rely on the following two major sources of funds
a. transaction deposits and accounts receivables
b. investment deposit and current accounts
c. accounts payable and investment accounts
d. transaction deposits and investment deposits
Q. Which of the following is not a source of fund for Islamic banks?
a. current accounts
b. saving account
c. account receivables
d. investment account
Q. Investment accounts operated by Islamic banks are based on the concept of
a. wadiah
b. hibah
c. mudrabah
d. murabahah
Q. Expression Finance Certificates & Certificate of Investment in Musharika is
a. liability side financing
b. liability
c. assets
d. assets side financing
Q. What is asset side financing out of these means
a. large enterprise financing
b. import financing
c. letter of credit with margin (for musharika)
d. all of answers are correct
Q. Banking or banking action that is consistent with main beliefs of Shariah and itsrealistic application from beginning to end improvement of Islamic economics is
a. islamic banking
b. development bank
c. conventional banking
d. b& c
Q. A bank is considered as a custodian and trustee of money is
a. wadiah
b. safekeeping
c. a & b
d. hibah
Q. The appointment of shari ah scholar is done by
a. shareholders at annual general body meeting
b. the board of directors on behalf of the shareholders
c. by the relevant government authority like cma
d. all of the above