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 minimum age required to enroll in the New Pension Scheme (NPS)?
- A.16 years
- B.18 years
- C.21 years
- D.25 years
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2.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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3.LMN Ltd. issued new shares worth ₹50 crore. Which market handles the initial issuance, and why is the other market important for investors?
- A.Primary Market; Secondary Market provides liquidity and price discovery.
- B.Secondary Market; Primary Market ensures capital formation.
- C.Primary Market; Secondary Market handles new share issuances.
- D.Secondary Market; Primary Market offers trading liquidity.
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4.Which of the following are two key functions of a Central Bank?
- A.Providing personal loans and accepting deposits from the public.
- B.Issuing currency and acting as the lender of last resort to commercial banks.
- C.Managing stock market investments and trading securities.
- D.Offering insurance policies and processing international remittances.
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5.Pooja makes an IMPS transfer to her friend using a mobile banking app. What is one key advantage of IMPS over NEFT and RTGS?
- A.IMPS transactions are available 24/7, including weekends and holidays.
- B.IMPS is only for high-value business transactions.
- C.IMPS requires visiting a bank branch.
- D.IMPS can only be used for international transfers.
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