Team Mode FIN546
Quiz
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Financial Education
•
University
•
Practice Problem
•
Medium
Ahmad Fauze Abdul Hamit
Used 3+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
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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