81.Which of the following does Islam prohibit?
A. Right to private property
B. Free enterprise and earning profit through trade and commerce
C. Charitable acts toward the disadvantaged
D. Earning profits by breaking contractual obligations
E. Market-based economic systems
82.A major distinction between a conventional bank and an Islamic bank is that:
A. Islamic banks are allowed to charge higher interest rates on loans.
B. Islamic banks cannot accept private deposits.
C. Islamic banks cannot pay or charge interest.
D. Islamic banks are not subject to any form of law.
E. Islamic banks are supposed to refrain from making a profit through any source.
83.”Mudarabah” and the “murabaha” are:
A. Islamic banking methods.
B. Arabic words for interest and profit, respectively.
C. banking practices that are prohibited by Islam.
D. laws governing international trade and commerce in Islamic countries.
E. laws limiting the right to private property.
84.Which of the following is true about the Islamic banking method — the mudarabah?
A. A mudarabah contract is similar to a profit-sharing scheme.
B. Under mudarabah, when an Islamic bank lends money to a business, it charges interest on the loan.
C. It is the most widely used banking method among the world’s Islamic banks, primarily because it is the easiest to implement.
D. It has been proven that a mudarabah contract discourages both long-term savings and long-term investment.
E. A mudarabah contract uses a price markup method to make profits.
85._____ began in the Indus Valley in India, and is the world’s oldest major religion.
A. Judaism
B. Hinduism
C. Buddhism
D. Islam
E. Confucianism
86.Which of the following religions does not owe its founding to any one particular individual?
A. Buddhism
B. Hinduism
C. Christianity
D. Islam
E. Confucianism
87.Dharma, karma, and nirvana are terms related to:
A. Confucianism.
B. Hinduism.
C. Judaism.
D. Islam.
E. Protestantism.
88.Many _____ believe that the way to achieve nirvana—a state of complete spiritual perfection— is to lead a severe ascetic lifestyle of material and physical self-denial, devoting life to a spiritual rather than material quest.
A. Christians
B. Hindus
C. Muslims
D. Protestants
E. Confucians
89.Which of the following statements is true about Hinduism?
A. Hinduism supported India’s caste system.
B. Hinduism allows mobility between castes within an individual’s lifetime.
C. Max Weber argued that Hinduism encourages entrepreneurial activity.
D. Hindus do not believe in reincarnation, or rebirth into a different body, after death.
E. Hinduism was founded by Siddhartha Gautama, an Indian prince.
90.According to Hinduism, the way to achieve spiritual perfection is:
A. to lead a severe ascetic lifestyle of material and physical self-denial.
B. to immerse oneself in creation of wealth to be used to aid the disadvantaged.
C. through hard work, wealth creation, and frugality.
D. to earn legitimate profits through trade and commerce.
E. to oppose the caste system by allowing mobility between castes.
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