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.

Sample questions

1. 1.Which of the following is an advantage of using Internet Banking?
   • A.It requires physical visits to the bank for all transactions.
   • B.It allows users to perform banking operations 24/7 from anywhere.
   • C.It eliminates the need for any digital security measures.
   • D.It restricts users to a limited number of transactions per day.
2. 2.If a company pays insurance premiums for its property, how should it be recorded?
   • A.Credit side of profit and loss account
   • B.Debit side of profit and loss account
   • C.Liability side of balance sheet
   • D.Asset side of balance sheet
3. 3.In which type of deposit account are customers required to deposit a fixed sum of money every month for a specific period, typically earning higher interest rates at maturity?
   • A.Saving Deposit Account
   • B.Fixed Deposit Account
   • C.Recurring Deposit Account
   • D.Current Deposit Account
4. 4.Assertion (A) : Cyber fraud includes unauthorized access to banking details. Reason (R) : Cyber fraud only happens in physical banking transactions. (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. 5.136. A Current Deposit Account is mainly used by businesses and allows unlimited transactions.
   • a.True
   • b.False