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 responsibility of the Central Bank as the custodian of foreign currency?
- A.Issuing foreign passports to citizens for travel abroad.
- B.Managing foreign exchange reserves and stabilizing the exchange rate.
- C.Regulating the import and export of consumer goods only.
- D.Overseeing the personal investments of citizens in foreign markets.
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2.132. Identify the image that represents a bank account where a depositor agrees to keep money for a fixed period in exchange for higher interest rates.
- a.Savings Account
- b.Fixed Deposit Account
- c.Recurring Deposit Account
- d.Warehouse
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3.Assertion (A) : Direct taxes, such as income tax and corporate tax, are charged directly on the income or profits of individuals and businesses. Reason (R) : The burden of direct taxes cannot be shifted to another party. (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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4.Assertion (A): Cyber fraud includes online phishing, hacking, and identity theft. Reason (R): Cyber fraud only occurs when using ATM 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.
- 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.If a company records interest payable on a loan, where will it be shown?
- A.Liability side of balance sheet
- B.Asset side of balance sheet
- C.Credit side of profit and loss account
- D.Debit side of profit and loss account
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