PPSC Economics Topic 7 MCQS Test Preparation

Punjab Public Service Commission, PPSC conducts competitive exams throughout the year to fulfill the vacant positions for the several departments and agencies. Candidates who are desirous to apply for the upcoming PPSC test to grab a suitable position in any of the government agencies in the economics subject are invited here to get a better preparation solution for them. Yes! Candidates can find online MCQs tests. These tests are in the same way in which the examiners arrange the PPSC tests. Hopefully, we can say that once after going through these tests one can easily get prepared for the chosen position.

MCQ's Test For PPSC Economics Topic 7 Islamic Economics

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PPSC Economics Topic 7 Islamic Economics

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Question # 1

Tax and rulers duty and terms of trade are discussed in.

Question # 2

Conspicuous consumption on unproductive assets and luxurious goods is considered against the concept of.

Question # 3

Usury is prohibited in

Question # 4

According to Islamic economic system the producers can earn.

Question # 5

Following is the important feature of the Islamic economic system.

Question # 6

Islam is against

Question # 7

A activates which do not promote human welfare cannot be encouraged.

Question # 8

For a Muslim living within the code of Islam primary source for the the solution of economic problems is.

Question # 9

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

Question # 10

In Islamic economic system business is allowed in the field of.

Question # 11

Islamic economics is a social science which studies the economics of people living within the frame work of.

Question # 12

Expenditure on unproductive assets are strangely criticized and savings are emphasized by

Question # 13

In Islam absolute ownership of property lies only with.

Question # 14

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

Question # 15

The main monetary tool in Islamic economic system regarding circulation of wealth is zakat it is for.

Question # 16

Forced labor is one of the greatest injustice in the world according to.

Question # 17

Zakat in an important feature of Islamic economics system which is given from

Question # 18

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

Question # 19

Ibn-e Khaldun discussed in detail the principles of.

Question # 20

One of the following is the renowned book of Imam Abu Yousaf

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PPSC Economics Chapter 7 Important MCQ's

Sr.# Question Answer
1 Ibn-e Khaldun discussed in detail the principles of.
A. Taxation
B. Terms of trade
C. Term of rent
D. Duties of ruler
2 Zakat in an important feature of Islamic economics system which is given from
A. Poor to rich
B. Producers to consumers
C. Banks to people
D. Rich to poor
3 In Islamic economic system following means of gaining wealth are permitted
A. smuggling
B. Hoarding
C. Gambling
D. None of these
4 The main monetary tool in Islamic economic system regarding circulation of wealth is zakat it is for.
A. Poor and needy
B. consumers
C. Producers
D. Banks
5 The Islamic mode of business where the subscriber participate with the money and the manager with skill and labor is.
A. Qarz -e - hasna
B. Musharika
C. Mudaraba
D. Islamic business
6 In 1980 the government of Pakistan promulgated.
A. the Modaraba Ordinance
B. the Musharaika Ordinance.
C. the Zakar ordinance
D. the Ushar ordinence
7 Mudaraba business is administered by the Mudaraba companies and Mudaraba rules .
A. 1990
B. 1980
C. 1981
D. 1978
8 "Zakat" is a charity on.
A. Wealth / income which stays with a Muslim for at least one year
B. Levied on a Muslim who is sahib e Nisab
C. Deducted at the rate of 2.5% of the income
D. All of the above
9 Following is the important feature of the Islamic economic system.
A. Zakat
B. Usher
C. Mudaraba and Musharika
D. All of these
10 Qara -e- Hasna is normally payable to.
A. Needy persons
B. Poors
C. Helpless
D. All of these

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