Question # 1

Following is the important feature of the Islamic economic system.

Choose an answer

Zakat

Usher

Mudaraba and Musharika

All of these

Usury is prohibited in

Choose an answer

Islam only

Sikhism only

Jewism

Both a and b

Loss must be shared according to ratio of respective investment in case of.

Choose an answer

Musharika

Hire purchase

Mudaraba

All of these

In Islam absolute ownership of property lies only with.

Choose an answer

Government

Owner of the property

Allah

None of these

Ibn-e Khaldun discussed in detail the principles of.

Choose an answer

Taxation

Terms of trade

Term of rent

Duties of ruler

In Islamic economic system holding is considered against the right of.

Choose an answer

Entrepreneurs

Labour

Consumers

Producers

In Islamic economic system following means of gaining wealth are permitted

Choose an answer

smuggling

Hoarding

Gambling

None of these

In 1980 the government of Pakistan promulgated.

Choose an answer

the Modaraba Ordinance

the Musharaika Ordinance.

the Zakar ordinance

the Ushar ordinence

The Islamic mode of business where the subscriber participate with the money and the manager with skill and labor is.

Choose an answer

Qarz -e - hasna

Musharika

Mudaraba

Islamic business

More Classes

Other Links

PPSC Economics Chapter 7 Islamic Economics MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer