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. 1.136. A Current Deposit Account is mainly used by businesses and allows unlimited transactions.
    • a.True
    • b.False
  2. 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.
  3. 3.Which of the following statements correctly describes cyber fraud prevention? I. Always verify website URLs before entering sensitive information. II. Sharing OTPs with trusted friends is safe. III. Using two-factor authentication enhances account security. IV. Clicking on links in unknown emails is safe.
    • a.I and III are true
    • b.II and IV are true
    • c.I and IV are true
    • d.III and IV are true
  4. 4.A company issues equity shares to raise funds for expansion. Identify which of the following will be true in this context. I. The company is raising short-term finance. II. The company is acquiring long-term capital. III. The funds raised through equity shares do not have to be repaid. IV. The company must pay fixed interest on the equity shares issued.
    • a.I and III are true
    • b.II and III are true
    • c.III and IV are true
    • d.I and IV are true
  5. 5.151. UPI allows fund transfers using only a mobile number or UPI ID.
    • a.True
    • b.False

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