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ISLAMIC TRADE FINANCING

Authored by arwa (BG)

Education

University - Professional Development

Used 22+ times

 ISLAMIC TRADE FINANCING
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The two types of method settlement is cash advance and close account.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In Al-musharakah concept of letter of credit the bank acts as a partners.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the followings is NOT Shariah principle of letter of credit?

Al-Wakalah

Al-Musharakah

Al-kafalah

Al-Murabahah

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In the shipping guarantee, the buyer or customer uses it as a replacement for ______________.

Bil of lading

Bill of exchange

Acceptance bill

All the answer

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT essentially things in INCOTERMS ?

Health

Risk

Cost

Responsibility

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following terms is the seller will be required to deliver good to a carrier appointed by the buyer ?

E terms

F terms

C terms

D terms

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following terms is the seller will make good available to the buyer on the seller’s own premises ?

E terms

F terms

C terms

D terms

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