ICSE Board Practice

Class VI Class VII Class VIII Class IX Class X
ICSE Grade X - Banking
Question 1
1.
In a Recurring Deposit Scheme, if principal = ₹1900.00 , maturity value = ₹73672.50 and number of terms is 36 months, the rate of interest per annum =
  • 3.00%
  • 7.00%
  • 4.00%
  • 6.00%
  • 5.00%
Question 2
2.
A person deposits ₹1000.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 10.00% per annum and the person gets ₹11550.00 at the time of maturity, find the number of months for which the account was held.
  • 11
  • 16
  • 14
  • 6
  • 8
Question 3
3.
In a Recurring Deposit Scheme, if principal = ₹1600.00, rate of interest = 7.00% per annum and number of terms is 24 months, the maturity value =
  • ₹41200.00
  • ₹42400.00
  • ₹39900.00
  • ₹39000.00
  • ₹42900.00
Question 4
4.
In a Recurring Deposit Scheme, if principal = ₹600.00 , rate of interest = 10.00% per annum and maturity value ₹20325.00, the number of months =
  • 33
  • 27
  • 35
  • 25
  • 30
Question 5
5.
A person deposits in a Recurring Deposit account for 30 months. If the rate of interest is 4.00% per annum and the bank pays ₹63100.00 on maturity, find how much he deposited each month
  • ₹2180.00
  • ₹2170.00
  • ₹1840.00
  • ₹2000.00
  • ₹1870.00
Question 6
6.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • April
    • 2026
    • , at
    • 4
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      8th Oct 2025
      By Balance
      -----
      -----
      ₹1000.00
      18th Oct 2025
      By Transfer
      -----
      ₹7000.00
      ₹8000.00
      19th Nov 2025
      To Cheque
      ₹1750.00
      -----
      ₹6250.00
      26th Dec 2025
      To Cash
      ₹1313.00
      -----
      ₹4937.00
      1st Jan 2026
      By Cash
      -----
      ₹1969.00
      ₹6906.00
      17th Jan 2026
      To Cash
      ₹2953.00
      -----
      ₹3953.00
      23rd Jan 2026
      By Cash
      -----
      ₹1477.00
      ₹5430.00
      10th Feb 2026
      To Cash
      ₹2215.00
      -----
      ₹3215.00
      14th Feb 2026
      To Self
      ₹1108.00
      -----
      ₹2107.00
      5th Mar 2026
      To Cash
      ₹277.00
      -----
      ₹1830.00
      8th Apr 2026
      To Self
      ₹208.00
      -----
      ₹1622.00
  • ₹75.33
  • ₹72.33
  • ₹77.33
  • ₹69.33
  • ₹67.33
Question 7
7.
In a Recurring Deposit Scheme, if maturity value = ₹45094.50 , rate of interest = 9.00% per annum and number of terms is 36 months, the principal =
  • ₹960.00
  • ₹1270.00
  • ₹820.00
  • ₹1180.00
  • ₹1100.00
Question 8
8.
    • The following are the details of the savings bank account of a person.
    • Calculate the rate of interest, if the interest at the end of
    • April
    • 2026
    • is
    • ₹163.04
    • Date
      Particulars
      Debit
      Credit
      Balance
      22nd Oct 2025
      By Balance
      -----
      -----
      ₹1000.00
      1st Nov 2025
      By Clearing
      -----
      ₹12000.00
      ₹13000.00
      1st Dec 2025
      By Cash
      -----
      ₹3000.00
      ₹16000.00
      6th Dec 2025
      To Cheque
      ₹3750.00
      -----
      ₹12250.00
      15th Jan 2026
      To Self
      ₹2813.00
      -----
      ₹9437.00
      30th Jan 2026
      To Cash
      ₹2109.00
      -----
      ₹7328.00
      18th Feb 2026
      To Self
      ₹1582.00
      -----
      ₹5746.00
      20th Feb 2026
      To Cash
      ₹2373.00
      -----
      ₹3373.00
      15th Mar 2026
      To Cheque
      ₹1187.00
      -----
      ₹2186.00
      17th Mar 2026
      To Self
      ₹593.00
      -----
      ₹1593.00
      13th Apr 2026
      By Cheque
      -----
      ₹297.00
      ₹1890.00
  • 3.00%
  • 6.00%
  • 7.00%
  • 4.00%
  • 5.00%
Question 9
9.
A person deposited ₹700.00 in a bank for 30 months under a Recurring Deposit Scheme. If the person received ₹23712.50 at the time of maturity, find the rate of interest per annum.
  • 13.00%
  • 10.00%
  • 15.00%
  • 5.00%
  • 7.00%
Question 10
10.
A person deposited ₹1600.00 in a bank for 30 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 6.00% per annum and interest is calculated at the end of each month.
  • ₹50920.00
  • ₹53420.00
  • ₹53220.00
  • ₹50420.00
  • ₹51720.00