Islmaic Studies is the most important part of every test of Public Service Commission Jobs tests and Interviews. Here you will learn the Most important objective type MCQs quiz tests of Islamiat with solved answers. All of these MCQs are mostly asked in interviews and FPSC, PPSC, CSS, PMS, OTS, PMS, SPSC, BPSC, KPPSC and many others tests.
 |
| Islamic Studies MCQs Quiz Tests |
Objective type Islamic studies MCQs with answers quiz tests for PPSC, FPSC, National Testing Service Interviews and exams tests Preparations.
Q.1: Islamic Finance is strongly ----- oriented?
- profit
- money
- equity
- interest
C
Q.2: In Islamic Finance, the owner of capital ----- the profits made by the entrepreneur?
- can share
- cannot share
- receive
- can never take
A
Q.3: The Islamic financial system regards “the time value of money” as?
- interest
- rent
- loss
- profit
C
Q.4: The Islamic financial system regards “the monetary value of time” as?
- interest
- profit
- loss
- rent
A
Q.5: In Sharia law and Islamic financing, “making money from money” is?
- permitted
- not permitted
- permitted in certain cases
- permitted for Islamic banks only
A
Q.6: The Islamic financial system works on the basis of?
- sharing return
- sharing risk
- sharing risk and return
- predetermined risk and return
C
Q.7: In Islamic banking and finance, any deal must have an underlying ----- backing the deal?
- asset
- profit
- risk
- currency
A
Q.8: A “sukuk” is basically a Shariah-compliant?
- loan
- profit
- bank cheque
- investment certificate
D
Q.9: “Takaful” is basically a Shariah-compliant?
- loan
- insurance
- investment
- ownership
B
Q.10: Which from the following is/are NOT permitted under Islamic Financial Principles?
I. Interest
II. Short selling
III. Non-asset backed derivatives?
I. Interest
II. Short selling
III. Non-asset backed derivatives?
- I only
- I and II
- I and III
- I, II and III
D
