100+ Islamic Economics and Banking Solved MCQs

101.

The basic stone of Islamic banking.

A. Interest free baking
B. Profit motive banking
C. Deposit free banking
D. Collective banking
Answer» A. Interest free baking
102.

The obligatory duty referred with Namaz.

A. Payment of Zakat
B. Payment of Jazya
C. Payment of Sadaqa
D. Payment of Kharaj
Answer» A. Payment of Zakat
103.

The term used to denote Usury.

A. Riba
B. Baith-ul-Mal
C. Diwan-e- Arz
D. Treasury
Answer» A. Riba
104.

What Islam aims by the abolition of Riba.

A. Promotion of charity
B. Profit
C. Promotion of collective deposit
D. Share marketing
Answer» A. Promotion of charity
105.

What is the literal meaning of Zakat?

A. Charity
B. Purification
C. Obedience
D. Kindness
Answer» B. Purification
106.

The author of ‘Social Justice in Islam’.

A. Hasan al Banna
B. Moulana Azad
C. Azghar Ali Engineer
D. Abdul Kalam Azad
Answer» C. Azghar Ali Engineer
107.

Ushr is changed on.

A. Agricultural production
B. Loan and Interest
C. Savings
D. Zakat
Answer» A. Agricultural production
108.

The percentage of property that the Quran allows to bequeath by will.

A. 1
B. 1/2
C. 1/3
D. 1/4
Answer» C. 1/3
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