BFN304 List of Questions
Q1 The peculiar features of Islamic banking system include
Prohibition of Interest
Low Consumer Lending
Profit and Loss Sharing
all of the above
Q2 a scenario where insurance company invests generated premiums in stock or bond portfolio earning a return for the investors is called
Guaranteed Investment Contracts
Structured Settlements
annuities
none of the above
Q3 An insurance over the account receivable of an insured is called
trade credit insurance
trade debtors’ insurance
liability insurance
none of the above
Q4 the policy that insures against risk of litigation
litigation insurance
liability insurance
legal insurance
all of the above
Q5 Islamic banks usually provide overdrafts, subject to a certain maximum, free of charge
false
never
true
undecided
Q6 The discernible differences between the conventional banks and Islamic banks include all but one
Prohibition of Interest
Emphasis on Islamic Principles of Morality
None of the above
Emphasis on Project Variability
Q7 Islamic banks have Lower Solvency Risk than their conventional counterparts
false
true
undecided
none of the above
Q8 Fundamentally, Islamic law prohibits the collection and payment of interest (usury), which is also commonly called
Riba
Raba
Rabe
Rabi
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