1) Islam prohibits riba. Its wisdom includes:

1. prevention of hoarding.
2. encouragement of broad-based development.
3. prevention of socio-economic and distributive injustice.
4. prevention of economic instability.
5. All of the above.

2) The literal meaning of the word 'riba' is?

1. Excess.
2. Islamic Law.
3. Loan.
4. Credit.

3) Identify a correct statement about riba.

1. Riba leads to equitable distribution of wealth in the society.
2. Christianity is the only religion that prohibits riba.
3. All forms of riba have been mentioned in the Quran.
4. Riba widens the gap between the rich and the poor.

4) In the terminology of Shariah (Islamic law) riba refers to:

1. an addition, however slight, over and above the principal of a loan or debt.
2. an addition, which must be a large and significant amount over and above the principal of a loan or debt.
3. an addition, which must be 50% over and above the principal of a loan or debt.
4. None of the above.

5) Which of the following forms of 'riba'  is permissible in Islam?

1. The application of interest on loans to help the poor and needy.
2. Earning interest from back deposits.
3. Interest paid on credit-card debt.
4. None of the above.