12th class Principle of Banking chapter 15 online mcq test with answers for ICom part 2 Principle of Banking Chapter 15 (Islamic Banking)

Principles of Banking Icom Part 2 English Medium Chapter 15 Online Test

Sr. #	Questions	Answers Choice
1	The head office of IDB is in	Jeddah Islamabad Tehran Dubai
2	PTC are issued in place of	Shares Debentures Bonds None of these
3	Who can issue participation term certificates	Firm Company Cooperative society All the above
4	A Modarba may by for	Specific or multi purpose Perpetual Specific period All the above
5	Trade related Islamic modes of financing do not include	Musharika Mark up Leasing Hire-purchase
6	Qarz-Hasna is available for the studies of	Engineering Agriculture Commerce All the above
7	Under Islamic modes of financing, lending includes	Service charges Qarze-Hasna Both a and b None of the above
8	In Pakistan, the interest free modes of financing have been divided into	Two groups Three groups Four groups None of these
9	The Islamic ideology council presents its formal report for Islamic banking in	June, 1978 June, 1979 June, 1980 None of these
10	When was the process of Islamization of banking started in Pakistan	1977 1980 1982 1982
11	The charge or price for the use of money is called	Profit Commission Interest Dividend
12	Riba is the word of following language	Urdu Arabic English French