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FIN624

Fin624 mid term solved papers

Fin624 mid term solved papers

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fin624

FIN-624_Solution

 

___________ is defined as “natural resources”

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Select correct option:

Capital

Land

Labour

Entrepreneur

 

Wealth under the__________system is distributed only in the form of wages.

 

Select correct option:

Islam

Capitalism

Socialism

None of the above

 

If the investment comes from the first partner who is called “Rab-ul-Maal” whiles the management and work is an exclusive responsibility of the other partner, it will be the contract of:

 

Select correct option:

Partnership

 Mudarabah

Joint ownership

 

 

Which one is the ideal mode of financing?

 

Select correct option:

Musharakah

Ijara

Salam

 None of the given options

Which one is the object of the Islamic system of the distribution of wealth?

 

Select correct option:

 Enabling every one to get what is rightfully due to him

Concentration of wealth in few hands

Creation of monopolies

None of the given options

 

A kind of Shirkat Ul Aqad in which all the partners jointly undertake to render some services for their customers is:

 

Select correct option:

Shirkat ul Amwal

Shirkat Ul Aamal

Shirkat Ul Wujooh

Shirkat Ul Mufawada

 

 

 

Which form of riba is further classified as Sood-e-Mufrid and Sood-e-Murakkab?

Select correct option:

 Riba an Nasiyah

Riba Al Fadl

Both Riba an Nasiyah and Riba Al Fadl

None of the given options

Under capitalist economy while distribution of wealth the “Entrepreneur” being a factor of production, receives its share in the shape of ______________

Select correct option:

Interest

Wages

Rent

Profit

 

 

From the Islamic point of view the people who have right to wealth are of __________kinds.

Select correct option:

Two

Three

Four

Five

Islam accepts all factors of production of capitalist economic system except:

Select correct option:

Capital

Labour

Land

 Entrepreneur

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Today paper of 13-6-14

Mcqs=18

Total subjective question=5

3 question of 5 marks

2 questions of 3 marks 

Riba an nasiyah 5

Concept of real nature of wealth in Islam 5

Distribution of Capital in musharakah 5

Define diminishing musharakah 3

how wealth is distributed under Capitalism factors of production? 3

3 question of 5 marks

2 questions of 3 marks 

Riba an nasiyah 5

Concept of real nature of wealth in Islam 5

Distribution of Capital in musharakah 5

Define diminishing musharakah 3

how wealth is distributed under Capitalism factors of production? 3

 

 

Another paper 12-6-14

define capital in your own words

 

describe objective of wealth distribution enabling for everyone to get what rightfully his

 

Mudarbah Al muqayadah

 

right of the property under Islamic and capitalism

 

 

 

 

 

 

 

 

 

 

 

 

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