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.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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2.Which of the following BEST describes the primary role of Commercial Banks in the economy?
- A.To exclusively issue currency notes and regulate the money supply.
- B.To mobilize public savings, provide loans, create credit, and promote financial inclusion.
- C.To act as the government’s fiscal agent and control foreign exchange reserves.
- D.To solely focus on advancing loans to large industries for economic growth.
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3.Which of the following is NOT one of the five primary functions of the Central Bank of a country?
- A.Issuing currency and maintaining trust in the monetary system.
- B.Providing loans to the general public for personal use.
- C.Regulating the money supply and credit through monetary policy.
- D.Supervising and regulating commercial banks to ensure financial discipline.
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4.A credit card transaction does not require repayment.
- a.True
- b.False
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5.A customer transferred money using RTGS but noticed that the bank processed the transfer instantly, unlike NEFT, which operates in batches. What distinguishes RTGS from NEFT?
- a.RTGS processes in real-time, while NEFT operates in batches.
- b.NEFT is available 24/7, while RTGS has fixed hours.
- c.RTGS is suitable for small-value transfers, while NEFT is for high-value transfers.
- d.Both operate the same way but under different rules.
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