Question # 1

Modaraba is established for a:

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Limited period

Unlimited period

Both (a) and (b)

None of the above

Musharika is based on islamic:

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Concept of interest

Concept of non-interest

Both include

None of both

How many sources of business finance

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2

3

4

5

Business finance can be divided into following parts according to term

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Four

Two

Three

Six

Factor are the

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Customers of business

Servants of business

Debtors of business

Person who take responsibility of receiving money from debtors

Short term financing helps in meeting the:

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Seasonal requirements of business

Emergency expenses

Both (a) and (b)

None of these

How many types of business finance

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2

3

4

5

The rate o interest in long term finance is

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Less

Non

More

All the above

The time period of short time finance is

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Two years

More than one year

One and half year

One or less than one year

Business finance can be divided into following parts according to term:

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Four

Two

Three

Six

The government issued Modaraba ordinance on

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January 1980

January 1981

January 1979

January 1984

Factor are the:

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Customers of business

Servants of business

Debtors of business

Persons who take responsibility of receiving money from debtors

Short term financing helps in meeting the

Choose an answer

Seasonal requirements of business

Emergency expenses

Both a and b

None of these

The certificates of Modaraba are

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Non transferable

Transferable

Conditionally transferable

All of the above

Musharika is based on Islamic

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Concept of interest

Concept of non-interest

Both included

None of both

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Principle of Commerce Icom Part 1 English Medium Chapter 17 Online Test MCQs With Answers

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