ICSE Class 10 Money and Banking — Mock Test (2027)
Free online mock test for Money and Banking (ICSE Class 10 Economics) — 3 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 Money and 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.Mr. Raju grows wheat and needs shoes, whereas Mr. Tony who makes shoes, wants rice. So, they are unable to trade with each other. Which drawback of barter system is illustrated in this situation?
- a.Lack of Double Coincidence of Wants
- b.Lack of Divisibility
- c.Lack of Common Measure of Value
- d.Problem of Storing Wealth
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2.Assertion (A): Commercial Banks accept various types of deposits to meet the needs of different customers. Reason (R): Fixed deposits allow customers to deposit money for a specific period and earn high interest, while current deposits do not help in earning interest but help in frequent transactions for businessmen.
- a.(A) is true and (R) is false.
- b.(A) is false and (R) is true.
- c.Both (A) and (R) are true and (R) is the correct explanation of (A).
- d.Both (A) and (R) are true but (R) is not the correct explanation of (A).
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3.During the time of inflation, the Central Bank will _________ in order to stabilise the economy.
- a.buy Government Securities
- b.decrease the Cash Reserve Ratio
- c.sell Government Securities
- d.decrease Statutory Liquidity Ratio
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4.In case of cash credit, interest is charged to the borrower on the amount actually withdrawn from the loan account. (True or False?)
- a.True
- b.False
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