@zaasmi said in MTH603 Grand Quiz Solution and Discussion:

A series 16+8+4+2+1 is replaced by the series 16+8+4+2, then it is called

Each number in the sequence is half the value of the number receding it. So the common difference in the series is dividing by two.

16÷2=8

8÷2=4

4÷2=2

2÷2=1

1÷2=½

The answer is ½ or 0.5

When you keep dividing by two, you will notice an interesting pattern: the denominator continues to increase by two, while the numerator value remains the same. That’s fascinating because in natural, whole numbers the numbers in the series would decrease by two.

1/4 , 1/8 , 1/16 etc.

The verizon and symantec reports show that_______________.
Web is the most vulnerable vector
Email is the most attacked vector
IOT is more secure than other technologies
Malicious internal users or disgruntled employees cause most damage

e70ae74c-ca3e-4082-9e55-de065a8e5ab4-image.png

Grand Quiz Syllabus and Schedule
Dear Students,
Assalam-o-Alaikum!

Due to the prevailing circumstances, Grand Quiz will be conducted to replace Proctored Mid-Term Exam in this course of MGT201. You can attempt Grand Quiz within 24 Hours. So it is advised to be proactive since there will be no extension.

Number of Questions 30 Weightage 20% Types of Questions MCQs Opening Date Dec 28, 2020 at 12:00 AM Closing Date Dec 28, 2020 at 11:59 PM Lessons Video Lecture 1-22

Special Instructions

You must attempt your Grand Quiz effectively as it is being held as your mid-term exam and it would be equivalent to 20% of the overall course weightage.

You can start attempting the quiz at any time but within given date(s) by clicking the quick link for Quiz on VU-LMS as it will become enabled within the mentioned dates. As soon as the time will be over, it will automatically be disabled and will not be available to attempt it.

Please note that some questions of the quiz may require some computation as well. So plan your course preparation accordingly.

Each question has maximum time limit of 90 seconds to attempt and save. So, you have to save your answer before 90 seconds. But due to unpredictable/unstable Internet speed, it is strongly recommended that you save your answer within 60 seconds to avoid any inconvenience. While attempting a question, keep an eye on the remaining time.

Attempting quiz is unidirectional. Once you have moved forward to the next question, you will not be able to go back to the previous one. Therefore, before moving to the next question, make sure that you have selected the best option and have saved your answer.

DO NOT press back button of your browser or refresh the page while attempting a question. Otherwise you will lose the chance of attempting the current question and a new question will be loaded.

DO NOT try to disable “Java Script” in your browser; otherwise you will not be able to attempt the quiz.

If for any reason, you lose access to Internet (like power failure or disconnection of Internet); you will be able to attempt the quiz again but from the next question where you left in the last attempt. But remember that you have to complete the quiz before expiry of the deadline.

Stay Safe & Healthy
Best of Luck!

@zaasmi said in BNK610 Grand Quiz Spring 2020:

A right of a buyer to rescind a contract after an agreed time period is known as:
Khiyar e Tayin
Khiyar al Ruhya
Khiyar e Wasf
Khiyar e Aib

Khiyar-e-Shart (Optional condition): At the time of sale Buyer or Seller can put a condition that he has an option to rescind the sale within the specific 4 days. This option is called Khiyar-e-Shart. Specification of the days is necessary for this Khiyar. Within this period, he has the right to rescind/dissolve the sale without any reason. If the buyer puts the condition, it is called Khiyar-e-Mushtari (option of buyer) and when put by the seller, it is called Khiyar-e-Bai (option of seller). This Khiyar is not transferred to heirs.
Khiyar-e-Roiyyat (Option of inspecting goods): Where the goods can be returned after inspection. This applies automatically to all contracts. Eg. ‘A’ buys machinery from ‘B’ without seeing. However, ‘A’ has the option to return the machinery after inspection.
Khiyar-e-Aib (Option of defect): Where the goods can be returned if found defective. It is the responsibility of the seller to supply goods free of error/defect or point out the defect to the buyer. No way is he allowed to cover the defect of the goods which constitutes as fraud. In one of the hadiths, Prophet has stated “He is not amongst us who indulges in fraud.” Therefore the buyer has the right to return the good in case of a defect which is considered a defect in the market and which depreciates the value of the goods. Eg. ‘A’ buys batteries from ‘B’. However, ‘A’ has the option to return them to ‘B’ if the batteries are found to be defective or not in working condition.
Khiyar-e-Wasf (Option of quality): Where the goods are sold by specifying a certain quality by the Seller but which is absent in the goods. Eg. ‘A’ buys a car from ‘B’ who has specified automatic transmission of the car. However when ‘A’ uses the car, he finds the transmission to be manual. Therefore he can return the car to ‘B’ in the absence of a specific quality.
Khiyar-e-Ghaban (Option of price): Where the seller sells the goods at a price which is far expensive than the market price, a Buyer has the right to return it to the seller. Eg. a Parker pen is sold to ‘A’ by ‘B’ at a price of Rs.500/-. However after the sale, ‘A’ discovers its market price to be Rs.250/-, he has the option to return the pen to ‘B’.
Iqala (Recession of Contract): Where parties freely consent to rescind the contract i.e. each party will give back the consideration received by it.

Neither the buyer nor the seller has the sole right to rescind the contract after execution of a contract. Often the buyer wants to rescind the contract after buying goods. In this case, it is necessary that he gets the seller’s consent. Therefore this mutual agreement between buyer and seller to rescind the contract is called Iqala.

In one of the hadiths, Prophet has stated “He who does the Iqala (rescinding of the contract) with a Muslim who is not happy with his transaction, Allah will forgive his sins on the Day of Judgment.”

However, it may be noted that the price of the goods being returned under Iqala will remain unchanged.

Effect on third Parties: Iqala is treated as a new sale as if a new contract is entered into between the parties rescinding the original contract.

Source: Dr. Muhammad Imran Ashraf Usmani, Meezan Bank’s Guide to Islamic Banking.

Your mid-term exam for this course will start on July 01, 2020 and will end on July 02, 2020.

Please read the following instructions carefully that would assist you to

effectively attempt the midterm exam:

Midterm exam will be in the form of Quiz titled as ‘’Grand Quiz’’. This grand quiz would be equivalent to 20% of overall course weightage. It would include 30 MCQs based on lecture no. 1 to 22. Each MCQ will have 4 options and you need to choose the most appropriate one. Allowed time for each MCQ is 90 seconds. You need to respond within this time period, otherwise it will become inactive. Each question can be attempted only once (attempt it carefully since no retake option is available) Please note that grand quiz MCQs may involve some calculations, therefore, it is advised to keep this point in mind while making your preparations.

Stay safe and prepare well for your exams