1. An American firm is under commitment to pay interests of Can$ 1089451.25 and Can$ 758940.36 on 31st July and 30th September autonomously. The Firm is danger hesitant and its method is to fence the dangers related with all new cash exchanges. The Finance Manager of the firm is pondering supporting the danger considering two strategies for example fixed forward or choice plans. It is correct now June 30. Following references concerning rates of trade, US$ per Can$, from the association's bank were gotten:

Spot 1 Month Forward 3 Months Forward

0.9364.36-0.9798.58 0.9981.02 0.9096.07

Cost for a Can$/US$ choice on a U.S. stock trade (pennies per Can$, payable on acquirement of the choice, contract size Can$ 56181) are as indicated by the going with:

Strike Price Calls Puts

(US$/Can$) July Sept. July Sept.

As demonstrated by the chance of money chief if decisions are to be utilized, one month choice ought to be purchased at a strike cost of 94 pennies and multi month choice at a strike cost of 95 pennies and for the rest of by the choices the firm would bear the genuine danger. For this, it would use forward rate as the best proportion of spot. Exchange costs are disregarded. Suggest, which of the multiple techniques would be fitting for the American firm to fence its new trade hazard on the two interest parcels.

2. Shariah gives an organization of moral and good guidelines of conduct for

a. Potential buyers

b. Voyaging dealers

c. All members in market

d. Muslims as it were

3. Strict administrative leading group of Islamic banks assumes a significant part in

a. Assurance of the proportion of benefit sharing as indicated by Islamic standards.

b. Raising capital for the banks as indicated by Islamic standards.

c. Presentation of new item and administrations that agree with Islamic princples.

d. Assembly of assets as per Islamic standards

4. The term Riba in a real sense implies

a. Any speculation

b. Any overabundance

c. Any profit

d. Any abundance

5. The term Hawalah alludes to an agreement of

a. Benefit misfortune sharing

b. Reimbursement of credits

c. Task of debt

d. Benefit sharing

6. Stores set with banks essentially appear as

a. Gifts from investors to the bank

b. A deal contracts with the bank

c. Position to the bank to loaned monies

d. Credits from contributors to the bank

7. The Islamic monetary framework is established on

a. Dropping, denial of obligation

b. Outright forbiddance of the installment or receipt of any foreordained, ensured rate of return

c. Burden of a required expense on income

d. Land and local charge imposed by the state

8. Ijarah in a real sense implies

a. Cost of goods

b. Sort of exchange

c. Hazard or misfortune or fraud

d. To give something on lease

9. The termWaqf alludes to

a. Bill of exchange

b. What is because of the state depository

c. Promissory note

d. Altruistic establishment or trust

10. The Arabic expression Kafil implies

a. An individual claiming goods

b. An individual taking conveyance of products

c. An individual giving surety

d. An individual retention conveyance of merchandise