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Banking Awareness · Q153

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 153

Q153

Which of the statement on Islamic banking is incorrect? (A) Islamic banking is only for Muslims. (B) Islamic banking activity do not allow paying and receiving of interest. (C) Islamic banking promotes the principle of profit sharing between banking institution and depositor.

A.
Only A
Answer
B.
Only B
C.
Only C
D.
Both B and C

Answer: Option A

Solution

Answer: Option A
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