1-Which one of the following is NOT the type of Commitment? a) Waadah b) Muwadah c) Wadiah d) Aqd

2-Hiba is; a) Compensatory contract b) Non compensatory contract c) Bilateral contract d) Multilateral Contract

3-Termination of Mudarabah comes into existence when a) Tenor matures b) Mudarib gives notice c) Both d) None

4-In case of dispute in Musharakah for liquidation of assets, distribution of assets will be: a) Required b) Mandatory c) Preferred d) Depends on partners

5-Khyiar-e-Roiyat is possessed by __________. a) The buyer b) The seller c) Both d) None

6-The purchase of goods from time to time is referred as ; a) Istisna b) Istijrar c) Salam d) Murabah

7-The pledge has _______ right to hold the pledge until the debt is repaid in full. a) No b) A temporary c) A full d) None