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.What is the purpose of a Current Deposit Account, which is specifically designed for businesses requiring high transaction volumes and flexibility in fund withdrawals?
- A.To enable fixed deposits for a specific time
- B.To encourage small savings with restrictions on withdrawals
- C.To allow frequent deposits and withdrawals for business operations
- D.To provide higher interest rates to depositors
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2.What is the role of the Central Bank as the custodian of foreign currency reserves, and how does it contribute to the stability of a country's economy?
- a.To issue foreign currency directly to the general public
- b.To store foreign currency reserves and stabilize exchange rates
- c.To facilitate loans for international organizations
- d.To convert all foreign reserves into gold
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3.A business uses RTGS to transfer a large amount of money to a supplier. Why is RTGS preferred over NEFT for such transactions?
- A.RTGS is available for low-value transactions only.
- B.RTGS processes transactions in real time, while NEFT works in batches.
- C.NEFT is faster than RTGS.
- D.RTGS charges are higher for all types of transactions.
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4.Which institution in India is responsible for issuing currency notes and has the sole authority to regulate the country's monetary system, including controlling the money supply?
- A.Commercial Banks
- B.Reserve Bank of India
- C.Ministry of Finance
- D.State Bank of India
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5.Which of the following is true for ATM withdrawals? I. The withdrawal amount is deducted from the customer's bank account immediately. II. ATM transactions can be performed without a PIN. III. Customers can withdraw cash only during banking hours. IV. ATMs provide mini-statements and balance inquiries.
- a.I and IV are true
- b.II and III are true
- c.I and III are true
- d.II and IV are true
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