Islamic Economics, MA Economics Sargodha University Past Papers 2016

Sergoda University MA Economics Paper-V Islamic Economics Past Papers 2016

Here you can download Past Papers of Paper-V Islamic Economics, MA Economics Part One, 1st & 2nd Annual Examination, 2016 University of Sergoda.

Islamic Economics UOS Past Papers 2016

M.A. Economics Part– I

Paper-V(Islamic Economic)   1st Annual Exam.2016

Time: 3 Hours                                          Marks:100

Note: Objective part is compulsory. Attempt any four questions from subjective Part.

Objective Part

Q.1: Write short answers of the following in two lines on your answer book.

  1. Social Justice
  2. Insurance in Islam
  3. Secularism
  4. Ijma
  5. Dignity of Labour
  6. Hoarding
  7. Imam Abu-Yousaf
  8. Ibn-e-Khudloon
  9. Welfare state
  10. Communication

Subjective Part

Q.2:     Why Interest was prohibited in Islam? Also describe the economic justification of prohibition of interest.

Q.3:     Describe the salient features of Islamic Economic System and how it is different from Capitalism?

Q.4:     Define Fiscal Policy and Zakat and Explain the role of Zakat as a tool Fiscal Policy in an Islamic State.

Q.5:     Analyse Equilibrium of a business firm in true Islamic Environment and explain the Islamic code of business ethics.

Q.6:     Define Justice and Benevolence and explain its economic importance.

Q.7:     Write note on the following.

  1. Bai-Murabahah
  2. Difference between “Bai-Salam & Bai-Mujjal”
  3. Right of Labour