Takaful

Takaful

12th Grade

10 Qs

quiz-placeholder

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Takaful

Takaful

Assessment

Quiz

Business

12th Grade

Hard

Created by

Miza Akhmadullaeva

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of the word 'Takaful'?

Common responsibility

Financial solidarity

Risk hedging

Mutual profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the basic principles of the Takaful system?

Profit and loss

Mutual guarantee and solidarity

Halal investments

Individual responsibility

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common model in Takaful that relies on profit sharing?

Agency Model

Administrative Model

Investment Model

Mudarabah Model

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of solidarity?

All of the above

Insurance against risks

Verification of ethics

Community solidarity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of solidarity provides coverage for general risks such as property damage?

Family solidarity

Public solidarity

Health solidarity

Social solidarity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the model that relies on the role of the manager in fund management?

The Administrative Model

The Agency Model

The Speculation Model

The Investment Model

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the solidarity system?

Achieving profit

Providing financial protection

Achieving financial stability

Achieving large investments

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