Answer to following multiple choice questions? 1. Leased asset status is Amana(Trust) in the hand of the lessee. Any damage to leased asset caused by lessee's negligence or mistake he will be responsible for this damage a. True b. False
Answer to following multiple choice questions?
1. Leased asset status is Amana(Trust) in the hand of the lessee. Any damage to leased asset caused by lessee's negligence or mistake he will be responsible for this damage
a. True
b. False
2. Which of the following statements about diminishing Musharakah is correct?
|
a. |
Rental payments remain constant while Unit sale price decreases |
|
b. |
Rental payments decrease while Unit Sale Price remains constant |
|
c. |
Both rental payments and Unit sale price decrease |
d. Rental payment decrease while unit sale price increase.
3. If A and B enter into a Musharakah contract and it is agreed between them that A will get 15% of his investment, this contract is valid.
a. True
b. False
4. Mr. Saeed sold his car for PKR 1.5 million which he had purchased for PKR 1.6 million. He mentioned the details about it to the counterparty including total costs (PKR 1.6 mn). This type of sale is known as Murabaha.
a. True
b. False
5. Which of the following will make Murabaha invalid?
|
a. |
If payment is made in installments |
|
|
b. |
if the supplier is not paid directly by the bank. |
|
|
c. |
Price not agreed. |
|
|
d. |
Price not fully paid. |
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