ICSE Board Practice

Class VI Class VII Class VIII Class IX Class X
ICSE Grade X - Banking
Question 1
1.
A person deposits in a Recurring Deposit account for 12 months. If the rate of interest is 4.00% per annum and the bank pays ₹9808.00 on maturity, find how much he deposited each month
  • ₹787.00
  • ₹815.00
  • ₹788.00
  • ₹816.00
  • ₹800.00
Question 2
2.
In a Recurring Deposit Scheme, if principal = ₹1800.00 , maturity value = ₹74790.00 and number of terms is 36 months, the rate of interest per annum =
  • 13.00%
  • 7.00%
  • 15.00%
  • 10.00%
  • 5.00%
Question 3
3.
In a Recurring Deposit Scheme, if principal = ₹1500.00 , rate of interest = 4.00% per annum and maturity value ₹18390.00, the number of months =
  • 7
  • 12
  • 15
  • 9
  • 17
Question 4
4.
A person deposited ₹1400.00 in a bank for 20 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8.00% per annum and interest is calculated at the end of each month.
  • ₹30160.00
  • ₹29960.00
  • ₹28460.00
  • ₹29560.00
  • ₹31660.00
Question 5
5.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • August
    • 2025
    • , at
    • 2
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      29th Jan 2025
      By Balance
      -----
      -----
      ₹1000.00
      8th Feb 2025
      By Clearing
      -----
      ₹13000.00
      ₹14000.00
      3rd Mar 2025
      To Self
      ₹6500.00
      -----
      ₹7500.00
      1st Apr 2025
      To Cash
      ₹3250.00
      -----
      ₹4250.00
      23rd Apr 2025
      To Cash
      ₹813.00
      -----
      ₹3437.00
      3rd May 2025
      To Cash
      ₹609.00
      -----
      ₹2828.00
      12th Jun 2025
      To Cheque
      ₹457.00
      -----
      ₹2371.00
      16th Jul 2025
      To Self
      ₹343.00
      -----
      ₹2028.00
      20th Jul 2025
      By Cheque
      -----
      ₹514.00
      ₹2542.00
      29th Jul 2025
      To Self
      ₹386.00
      -----
      ₹2156.00
      12th Aug 2025
      By Transfer
      -----
      ₹578.00
      ₹2734.00
  • ₹60.22
  • ₹54.22
  • ₹52.22
  • ₹62.22
  • ₹57.22
Question 6
6.
    • 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
    • 2025
    • is
    • ₹79.38
    • Date
      Particulars
      Debit
      Credit
      Balance
      25th Dec 2024
      By Balance
      -----
      -----
      ₹1000.00
      4th Jan 2025
      By Clearing
      -----
      ₹2000.00
      ₹3000.00
      14th Jan 2025
      By Transfer
      -----
      ₹1000.00
      ₹4000.00
      16th Jan 2025
      By Cheque
      -----
      ₹750.00
      ₹4750.00
      8th Feb 2025
      By Cash
      -----
      ₹1875.00
      ₹6625.00
      8th Mar 2025
      By Cheque
      -----
      ₹1406.00
      ₹8031.00
      18th Mar 2025
      To Cash
      ₹1758.00
      -----
      ₹6273.00
      23rd Mar 2025
      To Cash
      ₹1318.00
      -----
      ₹4955.00
      26th Mar 2025
      By Transfer
      -----
      ₹1978.00
      ₹6933.00
      28th Mar 2025
      To Self
      ₹2967.00
      -----
      ₹3966.00
      7th Apr 2025
      By Cheque
      -----
      ₹1483.00
      ₹5449.00
  • 5.00%
  • 7.00%
  • 3.00%
  • 4.00%
  • 6.00%
Question 7
7.
A person deposited ₹1100.00 in a bank for 20 months under a Recurring Deposit Scheme. If the person received ₹22770.00 at the time of maturity, find the rate of interest per annum.
  • 3.00%
  • 6.00%
  • 5.00%
  • 4.00%
  • 2.00%
Question 8
8.
In a Recurring Deposit Scheme, if maturity value = ₹6715.50 , rate of interest = 6.00% per annum and number of terms is 6 months, the principal =
  • ₹960.00
  • ₹920.00
  • ₹1100.00
  • ₹1230.00
Question 9
9.
In a Recurring Deposit Scheme, if principal = ₹1100.00, rate of interest = 5.00% per annum and number of terms is 12 months, the maturity value =
  • ₹14957.50
  • ₹13557.50
  • ₹14357.50
  • ₹13357.50
  • ₹11957.50
Question 10
10.
A person deposits ₹1800.00 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 ₹39150.00 at the time of maturity, find the number of months for which the account was held.
  • 20
  • 25
  • 23
  • 17
  • 15