Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 17

Chapter # 17

Business Finance

Encircle the most appropriate answer from the following options


1. The rate of interest in long term finance is:

  1. Non    
  2. More
  3. Less    
  4. All of above

2. Musharika is based on Islamic:

  1. Concept of interest
  2. Concept of non-interest         
  3. None of both
  4. Both included

3. Government issues Modaraba ordinance :

  1. January 1980
  2. January 1981
  3. January 1979 
  4. January 1984

4 Factor are the

  1. Customers of business
  2. Servants of business
  3. Debtors of business
  4. Persons who take responsibility of receiving money from debtors

5 Short term financing helps in meeting the

  1. Seasonal requirements of business
  2. Emergency expenses
  3. Both (a) and (b)
  4. None of these

6 In Modaraba:

  1. Two persons invest money
  2. Both persons invest money and labour
  3. One person invests money and the other invests labour and experience
  4. All of the above

7 Modaraba is established for a:

  1. Limited period
  2. Unlimited period
  3. Both
  4. None

8 Business finance can be divided into following, parts according to tem:

  1. Four    
  2. Two
  3. Six      
  4. Three

9 The time period of short time finance is:

  1. Two years      
  2. One or less than one year
  3. One and half year      
  4. More than one year

10 In Modaraba, the person who invests capital is called:

  1. Businessman 
  2. Modarib          
  3. Rab ul mal
  4. Investor

11. Modaraba the person who works is called:

  1. Worker           
  2. Principal
  3. Modaraba
  4. Rab ul mal

12 The certificates of Modaraba are:

  1. Non transferable        
  2. Transferable
  3. Conditionally transferable
  4. All of the above