ICSE Class 10 Banking and E-Banking — Mock Test (2027)
Free online mock test for Banking and E-Banking (ICSE Class 10 Commercial Applications) — 10 competency-based questions based on the latest CISCE 2027 syllabus, with instant marking. Try the samples below, then take the full test free.
What to expect: This mock test covers key concepts from the Banking and E-Banking chapter — including application-based and competency-focused questions aligned with how ICSE actually sets the paper.
Tip: Attempt without notes first to identify gaps, then review explanations for any wrong answers. Retake after a few days for best retention.
Sample questions
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1.Ravi wanted to open a bank account where he could deposit small amounts every month to save for his child's education. Which account type is most suitable for his needs?
- a.Current Deposit Account
- b.Fixed Deposit Account
- c.Recurring Deposit Account
- d.Saving Deposit Account
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2.Which of the following is NOT one of the five primary functions of the Central Bank of a country?
- A.Issuing currency and maintaining trust in the monetary system.
- B.Providing loans to the general public for personal use.
- C.Regulating the money supply and credit through monetary policy.
- D.Supervising and regulating commercial banks to ensure financial discipline.
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3.Assertion (A) : The primary market facilitates the issuance of new securities. Reason (R) : The primary market helps transfer funds from savers to entrepreneurs for business expansion. (a) Both A and R are true, and R is the correct explanation of A. (b) Both A and R are true, but R is not the correct explanation of A. (c) A is true, but R is false. (d) A is false, but R is true.
- a.Both A and R are true, and R is the correct explanation of A.
- b.Both A and R are true, but R is not the correct explanation of A.
- c.A is true, but R is false.
- d.A is false, but R is true.
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4.What is the primary feature of Real Time Gross Settlement (RTGS) that differentiates it from other fund transfer systems like NEFT or IMPS?
- a.It processes transactions in batches.
- b.It allows real-time and individual high-value fund transfers.
- c.It is exclusively used for international transactions.
- d.It operates only during non-banking hours.
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5.A business obtained a loan from a financial institution for expanding its operations but diverted the funds to other activities without informing the creditor. Additionally, it missed several interest payments, causing concern for the creditor. Which key expectation of creditors is primarily being violated?
- A.Provision of collateral for all loans.
- B.Proper utilization of debt and timely interest payments.
- C.Mandatory equity stake in the business.
- D.Exclusive lending to businesses in specific industries.
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