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 primary purpose of opening a Fixed Deposit Account in a bank?
- A.To withdraw funds frequently without any restrictions.
- B.To earn a higher interest rate by locking funds for a specific period.
- C.To facilitate daily transactions like a current account.
- D.To invest in the stock market with guaranteed returns.
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2.When a Fixed Deposit (FD) matures, which of the following is true regarding the depositor's options? I. The depositor can withdraw the full amount with interest. II. The depositor must keep the money for another term. III. The depositor can reinvest the amount for another fixed term. IV. The depositor cannot access the money before maturity.
- A.I and II are true
- B.III and IV are true
- C.I and III are true
- D.II and IV are true
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3.What is the typical pension amount provided to retired employees?
- A.25% of the last drawn salary
- B.50% of the last drawn salary
- C.75% of the last drawn salary
- D.100% of the last drawn salary
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4.What is the term used to describe an electronic card that allows users to store prepaid money for future online transactions, functioning similarly to credit and debit cards?
- A.Credit Card
- B.Debit Card
- C.Mobile Wallet/E-Wallet
- D.ATM Card
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5.Central Bank is the custodian of :
- A.Bullion reserves
- B.Gold
- C.Foreign currency
- D.All of these
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