Mcqsmind

121

What is the significance of ‘al-Mawardi’ in Islamic economic thought?

A. He discussed public finance and administration in ‘Al-Ahkam as-Sultaniyyah’ B. He founded modern economics C. He rejected state involvement D. He focused on mysticism only

122

What distinguishes Islamic economics from capitalist systems?

A. Moral accountability to Allah B. Profit maximization alone C. Secular worldview D. Unlimited consumption

123

What does 'Rizq' mean in Islamic worldview?

A. Sustenance and provision from Allah B. Personal wealth accumulation C. Profit margin D. Human capital

124

According to Qur’an 2:188, what is forbidden in trade?

A. Consuming wealth unjustly B. Mutual consent C. Fair pricing D. Competition

125

What is the role of the state in Islamic economics?

A. Ensuring justice, preventing exploitation, and collecting zakat B. Controlling all trade C. Monopolizing markets D. Ignoring welfare

126

What is the moral basis of consumption in Islam?

A. Moderation and gratitude B. Luxury and extravagance C. Competition D. Wastefulness

127

What is 'Fard Kifayah' in economic terms?

A. Collective duty to maintain essential industries and trades B. Voluntary charity C. Personal prayer D. Taxation

128

Which scholar linked ethics, economics, and governance together?

A. Al-Ghazali B. Plato C. Ibn Rushd D. Descartes

129

What does ‘Falah’ emphasize in Islamic economics?

A. Success in this life and the Hereafter through justice B. Financial dominance C. Material power D. Technological growth

130

What is the ethical principle guiding market trade?

A. Mutual consent (Taradhi) B. Interest accumulation C. Government monopoly D. Speculation

131

What is the Islamic view on labor rights?

A. Workers must be paid fairly and promptly B. Employers may delay wages C. Labor has no rights D. Only owners have rights

132

What is 'Hisbah' intended to ensure in society?

A. Moral regulation and social justice B. Military training C. Political authority D. Private gain

133

Who established the first public treasury (Bayt al-Mal)?

A. Caliph Umar ibn al-Khattab (RA) B. Caliph Abu Bakr (RA) C. Caliph Uthman (RA) D. Imam Ali (RA)

134

What is the Islamic ruling on deceptive advertising?

A. Prohibited as it constitutes fraud (Gharar) B. Permissible C. Neutral D. Encouraged

135

According to Ibn Taymiyyah, what should determine market prices?

A. Free exchange and justice B. Government decree C. Monopolies D. Arbitrary control

136

What role did Al-Shafi‘i play in economic jurisprudence?

A. Systematized principles of fiqh al-mu‘amalat (commercial law) B. Founded a bank C. Wrote a book on trade D. Opposed zakat

137

Which concept guards against inequality and class exploitation?

A. Zakat and prohibition of Riba B. Laissez-faire capitalism C. Free interest markets D. Wealth monopoly

138

What does the term 'Amwal' signify?

A. Wealth or property B. Debt C. Charity D. Market regulation

139

What is the difference between Islamic and secular economics?

A. Islamic economics integrates ethics and divine law B. Islamic economics ignores morality C. Both are identical D. Islamic economics separates religion from trade

140

Who linked economic decline to moral corruption of rulers?

A. Ibn Khaldun B. Al-Ghazali C. Ibn Taymiyyah D. Al-Farabi