Economics Quiz

What is the foundation of Islamic economics?

• Teachings from the Bible

• Teachings from the Qur'an and Hadith

• Teachings from the Bhagavad Gita

• Teachings from the Torah

Who is considered the absolute owner of everything in Islamic economics?

• The government

• Allah

• The Prophet Muhammad

• The people

What is the ultimate goal of man's life in Islamic economics?

• Material success only

• Spiritual success only

• Success in both worlds

• Success in the afterlife

What principle governs the economic system in Islam?

• Unity and Brotherhood

• Right to Property

• Economic Inequality within Natural Limits

• Individual Liberty

What is the right of every individual in Islamic economics?

• Right to beg for money

• Right to property through lawful means

• Right to exploit others

• Right to steal for survival

What does Islam recommend regarding economic inequality among people?

• It should not exist at all

• It should be within reasonable and natural limits

• It should be increased for competition

• It should be eliminated completely

What is the responsibility of the state in terms of social security in Islamic economics?

• Tax the poor heavily

• Provide luxury items to the rich

• Provide adequate means for the poor to meet basic needs

• Ignore the poor completely

What should prevail in all circumstances in Islamic economics?

• Corruption

• Injustice

• Social Justice

• Discrimination

What is related to individual liberty and the right to property in Islamic economics?

• Distribution

• Social Security

• Consumption

• Production

What should wealth be circulated among in Islamic economics?

• Foreign countries

• All sections in society

• Only the poor

• Only the wealthy