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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