1 The rise of Islamic fundamentalism is in part a response t

1. The rise of Islamic fundamentalism is, in part, a response to the:

A. denial of equal rights for women and other minorities.

B. movement in traditional Islamic societies toward modernization.

C. narrowing gap between the rich and the poor.

D. increasing standard of living in Islamic societies.

E. widening gap between the highly developed and the less developed nations

2. Which of the following statements is true of Islam?

A.Islam has roots in Confucianism.

B.Islamic ethics support worldly gain and temporal power.

C.Islam forbids the consumption of pork and alcohol.

D.Islam makes a clear distinction between church and state.

E.Unlike Christianity and Judaism, Islam is not a monotheistic religion.

3. Muslim countries are likely to be receptive to international businesses as long as those businesses:
A.behave in a manner that is consistent with Islamic ethics.
B.do not hold affiliations with supranational organizations like the WTO or IMF.
C.adopt western ideologies of doing business.
D.generate income in the form of interest on the loans.
E.do not undertake any charitable activities because Islam has very strict rules about the way these activities should be conducted.

4. A major distinction between a conventional bank and an Islamic bank is that Islamic banks:

A.are allowed to charge higher interest rates on loans.
B.cannot accept private deposits.
C.cannot pay or charge interest.
D.are not subject to any form of law.
E.are supposed to refrain from making a profit through any source

5. 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.

Solution

The rise of Islamic fundamentalism is, in part, a response to the widening gap between the highly developed and the less developed nations. The widening gap due to increased economic activity using loans and interest payments and thus creating an unhealthy society.

Which of the following statements is true of Islam?

C.Islam forbids the consumption of pork and alcohol.

3. Muslim countries are likely to be receptive to international businesses as long as those businesses:
A.behave in a manner that is consistent with Islamic ethics.

A major distinction between a conventional bank and an Islamic bank is that Islamic banks:

C.cannot pay or charge interest.

5. Mudarabah and the murabaha are:

A.Islamic banking methods.
D.laws governing international trade and commerce in Islamic countries.