[OBJECTIVE]
Subject: Islamic Economics
Time Allowed: 15 Min
Total Marks: 10
NOTE: ATTEMPT THIS PAPER ON THIS QUESTION SHEET ONLY. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above.
Part-I Encircle the correct option, each question carries equal marks. (10)
1. The role of Price Mechanism is almost Zero in:
a. Capitalism
b. Socialism
c. Islamic Economy
d. None
2. tslamic Economics is a normative science because of:
a. Zakat
b. Profit
c. High moral Standards
d. None
3. Zakat and Ushr Ordinance was implemented in:
a. 1947
b. 1980
c. 1999
d. 2005
4. Basic requirement (Nisab) for Zakat is:
a. 50 Tolas Silver
b. 7.5 Tolas Gold
c. Both a & b
d. None
5. islamic Economics is different from traditional economics because of:
a. Profit base
b. Self Interest
c. Morality
d. None
6. Islamic Modes of financing are related to:
a. Islamic Banking
b. Wage Policy
c. Behaviour of consumer
d. None
7. Al-Quran and Al-Sunnah are the:
a. Tools of Tax Policy
b. Made of consumption
c. Tools of Public Policy
d. Source of Islamic Economics
8. Kitab ul Ammwaal Is written by:
a. imam Abu Yousaf
b.imam Abu Ubaid
c. Naeem Siddiqui
d. None
9. Zakat can be given for:
a. Construction of Masjid
b. Social Uplift
c. Generate Revenue
d. None
10. The sources of Legisiation in stam is:
a. Quran
b. Hadis
c. Ijma
d. All three
[SUBJECTIVE]
Subject: Islamic Economics
Time Allowed: 2 Hour 45 Min
Total Marks: 50
NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED
Part-II Give short answers, each question carries equal marks. (20)
Q#1: What do you mean by Welfare State?
Q#2: List the sources of revenue of Bait-u!_Maal.
Q#3: Define islamic Economics.
Q#4: Define Trade based modes of financing in Islamic Perspective.
Part-III Give detailed answers, each question carries equal marks. (30)
Q#1: Write a detailed note on the behavior of Muslim Producer.
Q#2: Compare Islamic Economic and Western Economics..
Q#3: State measures against accumulation of persona! wealth in Islam.
