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.Which of the following are two key functions of a Central Bank?
- A.Providing personal loans and accepting deposits from the public.
- B.Issuing currency and acting as the lender of last resort to commercial banks.
- C.Managing stock market investments and trading securities.
- D.Offering insurance policies and processing international remittances.
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2.Which of the following correctly distinguishes between overdraft and cash credit based on their purpose?
- A.Overdraft is used for business working capital requirements.
- B.Cash credit is used for short-term financial needs or emergencies.
- C.Overdraft is for short-term financial needs or emergencies.
- D.Both overdraft and cash credit serve identical purposes.
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3.Assertion (A) : IMPS allows 24/7 instant fund transfers, even on bank holidays. Reason (R) : IMPS transactions are processed only during banking hours. (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.An employee at ABC Ltd. retires after 20 years of service. The company needs to provide financial security during retirement. Which benefit should be provided?
- A.Gratuity
- B.Provident Fund
- C.Pension
- D.Group Life Insurance
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5.What is the primary role of the Central Bank as the custodian of foreign currency?
- A.To provide foreign currency loans to individuals for travel.
- B.To manage foreign exchange reserves and stabilize the national currency.
- C.To issue foreign currency notes for domestic use.
- D.To regulate the prices of imported goods in the market.
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