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

By death of any partner business will be dissolved in case of

Question # 2

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

Question # 3

Which of the following characteristics if Islamic economic system is true

Question # 4

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

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

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

Question # 9

"Zakat" is a charity on.

Question # 10

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

Question # 11

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

Question # 12

According to Islamic economic system the producers can earn.

Question # 13

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

Question # 14

Following is the important feature of the Islamic economic system.

Question # 15

In Islamic economic system following means of gaining wealth are permitted

Question # 16

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

Question # 17

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

Question # 18

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

Question # 19

In 1980 the government of Pakistan promulgated.

Question # 20

Qara -e- Hasna is normally payable to.

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PPSC Economics Chapter 7 Important MCQ's

Sr.# Question Answer
1 "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
2 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
3 In Islam absolute ownership of property lies only with.
A. Government
B. Owner of the property
C. Allah
D. None of these
4 Tax and rulers duty and terms of trade are discussed in.
A. Kitab ul Anwal
B. ammali
C. Kitab Ul Asar
D. Kitab ul Khiraj
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 Qara -e- Hasna is normally payable to.
A. Needy persons
B. Poors
C. Helpless
D. All of these
7 Islamic economics is a social science which studies the economics of people living within the frame work of.
A. Islam
B. Nationalism
C. Arab nationalism
D. All of these
8 In Islamic economic system holding is considered against the right of.
A. Entrepreneurs
B. Labour
C. Consumers
D. Producers
9 Islam is against
A. Miseries
B. Luxurious spending
C. a and b
D. None of these
10 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

Test Questions

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