ICSE Class 10

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.

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Sample questions

  1. 1.What is meant by the 'Clearing House Function' of the Reserve Bank of India?
    • A.A facility for exchanging foreign currency for commercial banks.
    • B.The process of accepting deposits from the public for lending or investment by banks.
  2. 2.IMPS allows fund transfers 24/7, even on bank holidays.
    • a.True
    • b.False
  3. 3.Which of these is NOT an expectation of creditors/ financial institutions?
    • A.Undisputed mortgaged property
    • B.Proper utilization of debt
    • C.Disclosure of factual financial position
    • D.Market leadership
  4. 4.Assertion (A): IMPS transactions are available 24/7, including holidays. Reason (R): IMPS transactions require physical bank visits to be completed. (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.
  5. 5.What is one of the primary expectations financial institutions have from businesses when providing loans?
    • A.Unrestricted use of borrowed funds
    • B.Regular payment of interest and loan installments
    • C.Exclusive rights to business decisions
    • D.Guaranteed profits from the business

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