Question # 1

In Modaraba

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Two persons invent money

Both persons invest money and labour

One person invests money and the other invests labour and experience

All of the above

The government issued Modaraba ordinance in:

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January 1980

January 1981

January 1979

January 1984

The certificates of Modaraba are:

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Non-transferable

Transferable

Conditionally transferable

All of the above

How many types of business finance

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2

3

4

5

In Modaraba, the person who invests capital is called:

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Modarib

Rab-ul-Mal

Investor

Businessman

The time period of short time finance is

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Two years

More than one year

One and half year

One or less than one year

Factor are the

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Customers of business

Servants of business

Debtors of business

Person who take responsibility of receiving money from debtors

In Modaraba, the person who invests capital is called

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Modarib

Rab-ul-Mal

Investor

Business man

The rate of interest in long tern finance to:

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Less

None

More

All the above

Business finance can be divided into following parts according to term:

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Four

Two

Three

Six

The certificates of Modaraba are

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Non transferable

Transferable

Conditionally transferable

All of the above

Musharika is based on islamic:

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Concept of interest

Concept of non-interest

Both include

None of both

Musharika is based on Islamic

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Concept of interest

Concept of non-interest

Both included

None of both

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Principle of Commerce Icom Part 1 English Medium Chapter 17 Online Test MCQs With Answers

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