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 function of the Central Bank when acting as the lender of last resort?
- A.To provide direct loans to the general public in emergencies
- B.To offer financial assistance to the government during budget deficits
- C.To provide loans to commercial banks during liquidity crises
- D.To manage foreign exchange reserves and ensure exchange rate stability
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2.How does the Lender of Last Resort function of the Central Bank ensure financial stability during a banking crisis?
- A.By offering direct loans to the public during emergencies
- B.By providing liquidity support to commercial banks in financial distress
- C.By funding only the government's deficit in times of crisis
- D.By issuing new currency notes to resolve liquidity shortages
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3.UPI transactions can only be completed during banking hours.
- a.True
- b.False
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4.Assertion (A): UPI transactions require users to enter their bank account number and IFSC code for every transaction. Reason (R): UPI allows money transfers using a mobile number, UPI ID, or QR code instead of bank details. (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.
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5.Which function is primarily associated with the role of the Central Bank in a country?
- A.Issuing passports and visas for international travel.
- B.Controlling, regulating, and stabilizing the monetary and banking system.
- C.Managing the stock market and trading of company shares.
- D.Overseeing the election process and voter registration.
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