Team Mode FIN546

Team Mode FIN546

University

30 Qs

quiz-placeholder

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Team Mode FIN546

Team Mode FIN546

Assessment

Quiz

Financial Education

University

Medium

Created by

Ahmad Fauze Abdul Hamit

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the assumption behind the conventional financial system regarding human decision-making?

Humans are irrational in decision-making.

Humans are rational in decision-making.

Humans rely on emotions in decision-making.

Humans are unpredictable in decision-making.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of system is the conventional financial system described as?

Value-Based System

Value Neutral System

Emotion-Driven System

Ethical System

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In the Islamic Worldview diagram, what is the relationship between Allah and the Individual?

Explicit Contract

Implicit Contract

Syariah Islamiah

Istikhlaf Contract

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Istikhlaf, to whom is man accountable for his conduct on earth?

Himself

Society

Allah

Government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basis for the provision of financial services in Islamic finance?

Islamic commercial jurisprudence (Fiqh al-Mua’malat)

Secular financial laws

International trade agreements

Corporate policies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of risk management in Islamic finance?

Risk transformation and management

Risk elimination

Risk avoidance

Risk speculation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does the diagram suggest is a key focus of Maqasid al-Shari’ah?

Preservation and Promotion

Destruction and Chaos

Ignorance and Poverty

Injustice and Inequality

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