| 1. | Banking or banking action that is consistent with main beliefs of Shariah and its realistic application from beginning to end improvement of Islamic economics is |
| a. | islamic banking |
| b. | development Bank |
| c. | conventional banking |
| d. | b& c |
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Answer: (a).islamic banking
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| 2. | A number of Islamic banks were formed to provide to this particular banking market in late |
| a. | 20th century |
| b. | 19th century |
| c. | 18th century |
| d. | none of all of these |
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Answer: (a).20th century
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| 3. | A bank is considered as a custodian and trustee of money is |
| a. | Wadiah |
| b. | safekeeping |
| c. | a & b |
| d. | Hibah |
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Answer: (c).a & b
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| 4. | Negotiation of a selling price among two parties exclusive of reference by seller to either costs or asking price is |
| a. | ijarah wa iqtna |
| b. | ijarah |
| c. | musawamah |
| d. | musharika |
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Answer: (c).musawamah
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| 5. | Earliest Islamic bank was established in Malaysia in |
| a. | 1980 |
| b. | 1983 |
| c. | 1982 |
| d. | 1988 |
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Answer: (b).1983
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