SOLVED BNK611 Quiz 2 Solution and Discussion

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Quiz No.2 Total Questions : 10
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What is the driving force of economy in the capitalism? BNK611
People
Climate
Money
Western economic assumes that the following agents are busy in the satisfaction of maximum wants for material goods and services BNK611
Social
Economic
Material
Western
The first international conference on Islamic Economics which marks the turning point in the history of the discipline was held in ______ in Makkah BNK611
1952
1976
1971
1920

The following can avail of the right of making gift of his property only before lying on his deathbed. BNK611
Hiba
Owner
Manager
beneficial

Following means to transfer the ownership of a thing to another person without receiving anything in return BNK611
Riba
Hiba
Right
Owner

The economy especially and the society in general which is based on following is strictly forbidden in Islam. BNK611
Investment
Gold Currency
Interest
Agriculture

Fair and Equitable Distribution in Islam discourages concentration of following in few hands and ensures its circulation among all the sections of society BNK611
Profit
Wealth
Investment
Fundamental rights

Majority of the following scholars do not allow Muaada especially in a situation where Aqd is not allowed. The example is “Forward contracts BNK611
Professional
Financial
Social
Shariah

How many types of ownership in Islamic concept. BNK611
2
4
3
1
Mostly investors borrow from the banks while investing so they will invest in the projects where the rate of profit will be high. BNK611
Capital
Investment
Expenditure
Goods

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