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

Try The MCQ's Test For PPSC Economics Topic 7 Islamic Economics

  • Total Questions20

  • Time Allowed20

PPSC Economics Topic 7 Islamic Economics

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Question # 1

Mudaraba business is administered by the Mudaraba companies and Mudaraba rules .

Question # 2

Islam is against

Question # 3

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

Question # 4

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

Question # 5

"Zakat" is a charity on.

Question # 6

Which of the following characteristics if Islamic economic system is true

Question # 7

In Islamic economic system following means of gaining wealth are permitted

Question # 8

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

Question # 9

The renowned economist and Islamic scholar who applied principles of politics economics was.

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

In Islam absolute ownership of property lies only with.

Question # 14

According to Islamic economic system the producers can earn.

Question # 15

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

Question # 16

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

Question # 17

Following is the important feature of the Islamic economic system.

Question # 18

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

Question # 19

Usury is prohibited in

Question # 20

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

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PPSC Economics Chapter 7 Important MCQ's

Sr.# Question Answer
1 In Islamic economic system business is allowed in the field of.
A. Halal goods only
B. beneficial goods
C. Consumer goods
D. All of these
2 According to Islamic economic system the producers can earn.
A. Normal loss only
B. Normal profit only
C. Abnormal loss
D. Abnormal profit
3 In 1980 the government of Pakistan promulgated.
A. the Modaraba Ordinance
B. the Musharaika Ordinance.
C. the Zakar ordinance
D. the Ushar ordinence
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 Qara -e- Hasna is normally payable to.
A. Needy persons
B. Poors
C. Helpless
D. All of these
6 Mudaraba business is administered by the Mudaraba companies and Mudaraba rules .
A. 1990
B. 1980
C. 1981
D. 1978
7 In Islamic economic system following means of gaining wealth are permitted
A. smuggling
B. Hoarding
C. Gambling
D. None of these
8 The renowned economist and Islamic scholar who applied principles of politics economics was.
A. Imam Abu Haneefa
B. ibn e Khaldun
C. Imam Abu Yousaf
D. Abu Qasim
9 Which of the following characteristics if Islamic economic system is true
A. An Islamic state is essentially a welfare state.
B. Ensure social justice
C. All economic problems are solved in the light of moral values
D. All of the above
10 Loss must be shared according to ratio of respective investment in case of.
A. Musharika
B. Hire purchase
C. Mudaraba
D.
All of these

Test Questions

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