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Finance and Islamic Finance Multiple Choice Questions

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Aiden is looking to finance a new project for his startup. He needs funds quickly to cover some immediate expenses. Which of the following is a short-term source of finance that Aiden can consider?

a)

Debentures

b)

Bank overdraft

c)

Ordinary shares

d)

Lease financing

2.

Which of the following is a long-term source of finance?

a)

Trade credit

b)

Retained earnings

c)

Accrued expenses

d)

Inventory loan

3.

Which of the following best describes trade credit?

a)

Cash received from shareholders for issuing new shares

b)

Goods purchased from suppliers with payment deferred

c)

Short-term loan secured by inventory

d)

Finance lease arrangement

4.

A company issues loan notes to raise capital. This is an example of:

a)

Equity finance

b)

Debt finance

c)

Venture capital

d)

Retained earnings

5.

Which Islamic financing method is based on profit-and-loss sharing between investor and entrepreneur?

a)

Murabaha

b)

Ijarah

c)

Mudarabah

d)

Tawarruq

6.

Which of the following sources of finance is internal rather than external?

a)

Retained profit

b)

Bank loan

c)

Issue of preference shares

d)

Leasing

7.

Emma is looking to purchase a new car and approaches a dealership. The dealer offers her a financing option where she can buy the car at a price that includes the cost of the car plus an agreed profit margin for the dealer. What type of contract is this?

a)

Sukuk

b)

Murabaha

c)

Musharakah

d)

Istisna’

8.

An MSME in Malaysia obtains a 5-year term loan from a bank to expand its operations. This financing is classified as:

a)

Short-term bank loan

b)

Long-term bank loan

c)

Internal financing

d)

Overdraft facility

9.

Abigail is considering two options to finance her new business: equity finance and debt finance. She wants to understand the differences between these two types of financing. Which of the following correctly distinguishes between equity and debt finance?

a)

A. Equity finance must be repaid after a fixed period.

b)

B. Debt finance gives ownership rights to investors.

c)

C. Equity finance involves ownership and potential dividends.

d)

D. Debt finance has no fixed interest payments.

10.

Which of the following Islamic financial instruments is closest to a conventional bond but complies with Shariah principles?

a)

Mudarabah

b)

Sukuk

c)

Murabaha

d)

Ijarah