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
-
1.What are Mobile Wallets, and how are they PRIMARILY used?
- A.Physical wallets designed to store multiple credit cards securely.
- B.Digital payment systems for online shopping, bill payments, and fund transfers via smartphones.
- C.Bank accounts that offer cashback on all transactions made in physical stores.
- D.Hardware devices that encrypt cash for secure offline transactions.
-
2.How does the Banking Regulation Act, 1949, contribute to the efficient functioning of the banking system in India, and what institutions does it primarily regulate?
- a.It regulates only cooperative societies.
- b.It oversees commercial banks and ensures compliance with laws.
- c.It establishes rules for international trade organizations.
- d.It provides guidelines exclusively for the Reserve Bank of India.
-
3.A company receives a loan repayment from a debtor. What is the accounting treatment?
- A.Debit side of profit and loss account
- B.Credit side of profit and loss account
- C.Deducted from assets on the balance sheet
- D.Added to assets on the balance sheet
-
4.Banking Regulation Act of 1949 was made for :
- A.Reserve Bank of India
- B.Commercial Banks
- C.Government’s Bank
- D.Bankers’ Bank
-
5.Mohit goes to the bank with a credit instrument which is due three months later. The bank charges some commission and pays less than the face value of the instrument. Identify the kind of loan granted by the commercial bank.
- A.Term loan
- B.Cash credit
- C.Discounting of bills of exchange
- D.Overdraft
Ready? Take the full 10-question test free — instant marking, no sign-up needed.
▶ Start free mock test