Quiz on Mudharabah

Quiz on Mudharabah

University

20 Qs

quiz-placeholder

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Quiz on Mudharabah

Quiz on Mudharabah

Assessment

Quiz

Financial Education

University

Practice Problem

Hard

Created by

Mohammad Abdullah

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of Mudharabah can the Mudarib do any profitable business according to market norms?

A) Mudarabah

B) Murabahah

C) Al Mudharabah Al Mutlaqah

D) Al Mudharabah Al Muqayyadah

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are assets of Mudarabah handled upon termination?

A) Sold and distributed as loss

B) Distributed among employees

C) Sold and liquidated to determine actual profit

D) Kept for future investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if the Mudarib wants to undertake an extraordinary work in Mudarabah Mutlaqah?

A) He needs the consent of Rab-ul-Maal

B) He can proceed without consent

C) He must terminate the Mudarabah

D) He needs to consult with a legal advisor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if Mudarabah becomes void (Fasid)?

A) Both parties share the profit equally

B) Mudarib gets all the profit

C) Rab-ul-Maal gets all the profit

D) Profit is shared based on predetermined ratios

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who bears the loss in Musharakah?

A) Both partners equally

B) Only the Rab-ul-Maal

C) Only the Mudarib

D) The government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can Mudarib draw his daily expenses in Mudarabah?

A) Anytime, anywhere

B) Only if he is in another city

C) Only if he is in his own city

D) He cannot draw daily expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Mudharabah, what must the capital be at the time of the contract?

A) Clearly specified and determined

B) Uncertain and variable

C) In commodity form

D) None of the above

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