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.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
  2. 2.Which of the following is NOT a benefit of Internet Banking for customers?
    • a.Convenient fund transfers from anywhere
    • b.24/7 access to banking services
    • c.Physical delivery of cash to homes
    • d.Easy bill payments and financial tracking
  3. 3.Assertion (A) : The Central Bank acts as the lender of last resort. Reason (R) : It provides emergency financial assistance to commercial banks during liquidity crises. (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.
  4. 4.Assertion (A) : A Current Deposit Account is best suited for businesses. Reason (R) : Current accounts provide high interest on deposited money. (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.How does a Fixed Deposit Account differ from a Savings Deposit Account?
    • A.Fixed Deposits allow unlimited withdrawals with no penalties.
    • B.Savings Accounts require a fixed deposit amount for a specific period.
    • C.Fixed Deposits offer higher interest rates but restrict withdrawals until maturity.
    • D.Savings Accounts are only for high-value transactions above ₹2 lakh.

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