ICSE Board Practice

Class VI Class VII Class VIII Class IX Class X
ICSE Grade X - Banking
Question 1
1.
A person deposited ₹1800.00 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 10.00% per annum and interest is calculated at the end of each month.
  • ₹40650.00
  • ₹39150.00
  • ₹36950.00
  • ₹40550.00
  • ₹38850.00
Question 2
2.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • October
    • 2025
    • , at
    • 5
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      24th Apr 2025
      By Balance
      -----
      -----
      ₹1000.00
      4th May 2025
      By Cheque
      -----
      ₹11000.00
      ₹12000.00
      11th May 2025
      By Cash
      -----
      ₹5500.00
      ₹17500.00
      14th May 2025
      To Cheque
      ₹8250.00
      -----
      ₹9250.00
      30th May 2025
      By Cash
      -----
      ₹4125.00
      ₹13375.00
      11th Jun 2025
      To Cheque
      ₹6188.00
      -----
      ₹7187.00
      28th Jun 2025
      By Cheque
      -----
      ₹1547.00
      ₹8734.00
      28th Jul 2025
      By Cheque
      -----
      ₹3867.00
      ₹12601.00
      2nd Sep 2025
      By Cheque
      -----
      ₹2900.00
      ₹15501.00
      25th Sep 2025
      To Cheque
      ₹3625.00
      -----
      ₹11876.00
      9th Oct 2025
      By Cash
      -----
      ₹5438.00
      ₹17314.00
  • ₹292.00
  • ₹295.00
  • ₹267.00
  • ₹279.00
  • ₹264.00
Question 3
3.
A person deposits ₹1100.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 4.00% per annum and the person gets ₹22770.00 at the time of maturity, find the number of months for which the account was held.
  • 25
  • 23
  • 15
  • 20
  • 17
Question 4
4.
In a Recurring Deposit Scheme, if principal = ₹1400.00 , rate of interest = 5.00% per annum and maturity value ₹8522.50, the number of months =
  • 7
  • 6
  • 5
  • 4
  • 8
Question 5
5.
In a Recurring Deposit Scheme, if principal = ₹1900.00 , maturity value = ₹11666.00 and number of terms is 6 months, the rate of interest per annum =
  • 7.00%
  • 10.00%
  • 6.00%
  • 8.00%
  • 9.00%
Question 6
6.
A person deposits in a Recurring Deposit account for 10 months. If the rate of interest is 6.00% per annum and the bank pays ₹16440.00 on maturity, find how much he deposited each month
  • ₹1600.00
  • ₹1350.00
  • ₹1640.00
  • ₹1420.00
  • ₹1870.00
Question 7
7.
A person deposited ₹1800.00 in a bank for 10 months under a Recurring Deposit Scheme. If the person received ₹18577.50 at the time of maturity, find the rate of interest per annum.
  • 9.00%
  • 6.00%
  • 8.00%
  • 7.00%
  • 5.00%
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
    • November
    • 2025
    • is
    • ₹194.87
    • Date
      Particulars
      Debit
      Credit
      Balance
      25th Mar 2025
      By Balance
      -----
      -----
      ₹1000.00
      4th Apr 2025
      By Clearing
      -----
      ₹13000.00
      ₹14000.00
      26th Apr 2025
      To Self
      ₹6500.00
      -----
      ₹7500.00
      4th Jun 2025
      To Self
      ₹1625.00
      -----
      ₹5875.00
      4th Jul 2025
      By Clearing
      -----
      ₹1219.00
      ₹7094.00
      10th Aug 2025
      By Clearing
      -----
      ₹1524.00
      ₹8618.00
      15th Sep 2025
      By Transfer
      -----
      ₹3809.00
      ₹12427.00
      23rd Sep 2025
      By Clearing
      -----
      ₹5714.00
      ₹18141.00
      15th Oct 2025
      To Cash
      ₹8571.00
      -----
      ₹9570.00
      25th Oct 2025
      To Self
      ₹2143.00
      -----
      ₹7427.00
      10th Nov 2025
      To Self
      ₹1607.00
      -----
      ₹5820.00
  • 6.00%
  • 3.00%
  • 4.00%
  • 2.00%
  • 5.00%
Question 9
9.
In a Recurring Deposit Scheme, if maturity value = ₹11083.50 , rate of interest = 9.00% per annum and number of terms is 6 months, the principal =
  • ₹2070.00
  • ₹1650.00
  • ₹1800.00
  • ₹1930.00
  • ₹1640.00
Question 10
10.
In a Recurring Deposit Scheme, if principal = ₹1900.00, rate of interest = 2.00% per annum and number of terms is 6 months, the maturity value =
  • ₹9266.50
  • ₹11466.50
  • ₹10766.50
  • ₹12866.50
  • ₹12666.50