No verified paper has been uploaded for SPSC-PMS Business Administration Set-9 yet.
The MCQs below are drawn from the Business Administration subject category.
Showing 8711–8720
of 9144 MCQs
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8711
Who among the following was removed from power by the British on the pretext of 'misgovernance' in 1856?
Murabaha is ideal for working capital and inventory financing. The bank buys the raw materials on behalf of the business and sells them to the business at a markup, allowing the business to pay for the materials over time.
Zakat is one of the Five Pillars of Islam. In a financial context, it is a 2.5% levy on wealth that has been held for a year (above the threshold or Nisab). It is used specifically for eight categories of people, including the poor and needy.
8715
The principle of 'Al-Kharaj bi al-Daman' means that:
This is a fundamental legal maxim in Islamic jurisprudence. It states that the entitlement to the 'output' or profit of an asset is linked to the responsibility for its 'liability' or risk. This is why interest is prohibited—it seeks profit without bearing the risk of the underlying business.
8716
Which of the following is prohibited in Islamic investment portfolios?
Islamic finance is ethically driven. Investments must be 'Sharia-compliant,' meaning funds cannot be invested in businesses that produce alcohol, pork, tobacco, gambling services, or conventional financial services that deal in riba.
8717
The term 'Musharaka' literally means which of the following?
Musharaka is a partnership where all parties contribute capital toward a business enterprise. Both profits and losses are shared among the partners; profits are distributed according to a pre-agreed ratio, while losses are strictly shared in proportion to the capital contribution.
8718
In the Mudaraba model, what happens if the business venture results in a financial loss?
In a true Mudaraba, the capital provider (investor) bears all financial losses. The manager (Mudarib) does not lose any capital because they didn't provide any, but they 'lose' their time and effort spent on the venture. This aligns with the 'Al-Ghunm bi al-Ghurm' (gain with risk) principle.
8719
What is the primary term used in Islamic finance to refer to the prohibition of interest or usury?
Riba refers to the exploitative gains made in trade or business under Islamic law, specifically interest charged on loans. It is strictly prohibited in Islam as it is seen as a mechanism that leads to social injustice and the concentration of wealth in the hands of a few without any real economic value addition.
8720
Which Islamic principle promotes risk-sharing in business?
