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.Central Bank is the custodian of :
- A.Bullion reserves
- B.Gold
- C.Foreign currency
- D.All of these
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2.False accounting is fraudulent and usually occurs when a business or employee :
- A.Deliberately records false financial information
- B.Changes, defaces or destroys records
- C.Exaggerates the business' assets or understates its liabilities
- D.All of the above
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3.What are Mobile Wallets, and how are they PRIMARILY used?
- A.Physical wallets designed to store multiple credit cards securely.
- B.Digital payment systems for online shopping, bill payments, and fund transfers via smartphones.
- C.Bank accounts that offer cashback on all transactions made in physical stores.
- D.Hardware devices that encrypt cash for secure offline transactions.
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4.Which of the following is true about Unified Payments Interface (UPI)? I. UPI transactions are processed instantly. II. UPI transactions can be done 24/7, including holidays. III. UPI requires users to remember long bank account details. IV. UPI cannot be used for bill payments.
- a.I and II are true
- b.III and IV are true
- c.I and IV are true
- d.II and III are true
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5.137. NEFT transactions are processed in real-time and settled individually.
- a.True
- b.False
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