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BNK611 - Economic Ideology in Islam

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BNK611 Assignment 1 Solution and Discussion

BNK611 Quiz 2 Solution and Discussion

Quiz No.2 Total Questions : 10 Please read the following instructions carefully! Quiz will be based upon Multiple Choice Questions (MCQs). You have to attempt the quiz online. You can start attempting the quiz any time within given date(s) of a particular subject by clicking the link for Quiz in VULMS. Each question has a fixed time of 90 seconds. So you have to save your answer before 90 seconds. But due to unstable internet speeds, it is recommended that you should save your answer within 60 seconds. While attempting a question, keep an eye on the remaining time. Attempting quiz is unidirectional. Once you move forward to the next question, you can not go back to the previous one. Therefore before moving to the next question, make sure that you have selected the best option. DO NOT press Back Button / Backspace Button while attempting a question, otherwise you will lose that question. DO NOT refresh the page unnecessarily, specially when following messages appear Saving… Question Timeout: Now loading next question… Javascript MUST be enabled in your browser; otherwise you will not be able to attempt the quiz. If for any reason, you lose access to internet (like power failure or disconnection of internet), you will be able to attempt the quiz again from the question next to the last shown question. But remember that you have to complete the quiz before expiry of the deadline. If any student failed to attempt the quiz in given time then no re-take or offline quiz will be held. Start Quiz

BNK611 - Economic Ideology in Islam

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BNK611 Quiz 2 Solution and Discussion
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What is the driving force of economy in the capitalism? BNK611 People Climate Money Western economic assumes that the following agents are busy in the satisfaction of maximum wants for material goods and services BNK611 Social Economic Material Western The first international conference on Islamic Economics which marks the turning point in the history of the discipline was held in ______ in Makkah BNK611 1952 1976 1971 1920 The following can avail of the right of making gift of his property only before lying on his deathbed. BNK611 Hiba Owner Manager beneficial Following means to transfer the ownership of a thing to another person without receiving anything in return BNK611 Riba Hiba Right Owner The economy especially and the society in general which is based on following is strictly forbidden in Islam. BNK611 Investment Gold Currency Interest Agriculture Fair and Equitable Distribution in Islam discourages concentration of following in few hands and ensures its circulation among all the sections of society BNK611 Profit Wealth Investment Fundamental rights Majority of the following scholars do not allow Muaada especially in a situation where Aqd is not allowed. The example is “Forward contracts BNK611 Professional Financial Social Shariah How many types of ownership in Islamic concept. BNK611 2 4 3 1 Mostly investors borrow from the banks while investing so they will invest in the projects where the rate of profit will be high. BNK611 Capital Investment Expenditure Goods