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PPSC Economics Chapter 7 Islamic Economics MCQs With Answers

Question # 1

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

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Poor and needy

consumers

Producers

Banks

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Question # 2

Following is the important feature of the Islamic economic system.

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Zakat

Usher

Mudaraba and Musharika

All of these

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Question # 3

In 1980 the government of Pakistan promulgated.

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the Modaraba Ordinance

the Musharaika Ordinance.

the Zakar ordinance

the Ushar ordinence

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Question # 4

Islam is against

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Miseries

Luxurious spending

a and b

None of these

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Question # 5

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

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Imam Abu Haneefa

ibn e Khaldun

Imam Abu Yousaf

Abu Qasim

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Question # 6

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

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Islamic consumption

Taqva is Islam

Spending in Islam

Islamic production

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Question # 7

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

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Halal goods only

beneficial goods

Consumer goods

All of these

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Question # 8

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

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Partnership

Musharika

Hire purchase

Mudaraba

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Question # 9

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

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Entrepreneurs

Labour

Consumers

Producers

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