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Islamic Economic System MCQs

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Islamic Economic System

Islamic Economic System MCQs With Answers

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CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a classical land tax?
A. Risk sharing
B. Kharaj
C. Ethical investment
D. Debt documentation
Correct Answer: B
The economic concept described is Kharaj.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: one-fifth share applied in specified classical legal contexts?
A. Bay'
B. Khums
C. Economic justice
D. Honest weights and measures
Correct Answer: B
The economic concept described is Khums.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a levy associated in classical law with agricultural produce?
A. Social welfare
B. Prohibition of hoarding essential goods for exploitation
C. Ushr
D. Maysir
Correct Answer: C
The economic concept described is Ushr.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: the passage of a lunar year relevant to Zakat on certain forms of wealth?
A. Mudarabah
B. Nisab
C. Hawl
D. Private property
Correct Answer: C
The economic concept described is Hawl.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: the minimum qualifying amount for Zakat liability?
A. Economic justice
B. Nisab
C. Risk sharing
D. Riba
Correct Answer: B
The economic concept described is Nisab.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: the public treasury?
A. Private property
B. Kharaj
C. Mutual consent
D. Bayt al-Mal
Correct Answer: D
The economic concept described is Bayt al-Mal.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a bequest made within Islamic legal limits?
A. Salam
B. Wasiyyah
C. Charity to relatives
D. Public interest
Correct Answer: B
The economic concept described is Wasiyyah.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: inheritance?
A. Mirath
B. Debt documentation
C. Wealth circulation
D. Murabaha
Correct Answer: A
The economic concept described is Mirath.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: the obligatory marital gift given by the husband to the wife?
A. Kharaj
B. Bayt al-Mal
C. Mahr
D. Tabdhir
Correct Answer: C
The economic concept described is Mahr.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a benevolent loan without interest?
A. Mudarabah
B. Qard Hasan
C. Ethical investment
D. Market ethics
Correct Answer: B
The economic concept described is Qard Hasan.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a contract for manufacture or construction of specified goods?
A. Charity to relatives
B. Riba
C. Mahr
D. Istisna
Correct Answer: D
The economic concept described is Istisna.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a sale in which full payment is made in advance for specified goods delivered later?
A. Profit and loss sharing
B. Prohibition of hoarding essential goods for exploitation
C. Nisab
D. Salam
Correct Answer: D
The economic concept described is Salam.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a lease or hiring contract?
A. Ijarah
B. Jizyah
C. Mirath
D. Mahr
Correct Answer: A
The economic concept described is Ijarah.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a partnership in which parties contribute capital and share profit by agreement?
A. Ijarah
B. Wealth circulation
C. Musharakah
D. Bay'
Correct Answer: C
The economic concept described is Musharakah.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a partnership where one party provides capital and the other provides management or labor?
A. Economic justice
B. Hawl
C. Prohibition of fraud
D. Mudarabah
Correct Answer: D
The economic concept described is Mudarabah.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a cost-plus sale in which the seller discloses cost and profit margin?
A. Profit and loss sharing
B. Ethical investment
C. Murabaha
D. Bayt al-Mal
Correct Answer: C
The economic concept described is Murabaha.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: a lawful contract of sale?
A. Ijarah
B. Nafaqah
C. Mirath
D. Bay'
Correct Answer: D
The economic concept described is Bay'.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: earnings obtained through prohibited means?
A. Bay'
B. Wasiyyah
C. Haram income
D. Salam
Correct Answer: C
The economic concept described is Haram income.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: earnings obtained through lawful means?
A. Bayt al-Mal
B. Ushr
C. Halal income
D. Debt documentation
Correct Answer: C
The economic concept described is Halal income.
CSS - PMS - CCE - PCS - Islamiat (Isl) Islamic Economic System
Which term in Islamic economics best matches this description: gambling or games of chance involving unlawful gain?
A. Bayt al-Mal
B. Maysir
C. Zakat
D. Waqf
Correct Answer: B
The economic concept described is Maysir.
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