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 20 months. If the rate of interest is 4.00% per annum and the bank pays ₹24840.00 on maturity, find how much he deposited each month
  • ₹1080.00
  • ₹1320.00
  • ₹1030.00
  • ₹1200.00
  • ₹1450.00
Question 2
2.
A person deposited ₹1200.00 in a bank for 26 months under a Recurring Deposit Scheme. If the person received ₹31902.00 at the time of maturity, find the rate of interest per annum.
  • 0.00%
  • 2.00%
  • 3.00%
  • 4.00%
  • 1.00%
Question 3
3.
In a Recurring Deposit Scheme, if principal = ₹1600.00, rate of interest = 2.00% per annum and number of terms is 30 months, the maturity value =
  • ₹49240.00
  • ₹50840.00
  • ₹50740.00
  • ₹49040.00
  • ₹47040.00
Question 4
4.
A person deposits ₹800.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 3.00% per annum and the person gets ₹11410.00 at the time of maturity, find the number of months for which the account was held.
  • 19
  • 14
  • 11
  • 9
  • 17
Question 5
5.
In a Recurring Deposit Scheme, if principal = ₹800.00 , maturity value = ₹9704.00 and number of terms is 12 months, the rate of interest per annum =
  • 1.00%
  • 2.00%
  • 4.00%
  • 0.00%
  • 3.00%
Question 6
6.
A person deposited ₹1500.00 in a bank for 17 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 9.00% per annum and interest is calculated at the end of each month.
  • ₹26621.25
  • ₹27221.25
  • ₹24621.25
  • ₹27421.25
  • ₹28521.25
Question 7
7.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • April
    • 2025
    • , at
    • 2
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      11th Sep 2024
      By Balance
      -----
      -----
      ₹1000.00
      21st Sep 2024
      By Cash
      -----
      ₹4000.00
      ₹5000.00
      19th Oct 2024
      To Cash
      ₹2000.00
      -----
      ₹3000.00
      19th Nov 2024
      By Transfer
      -----
      ₹500.00
      ₹3500.00
      18th Dec 2024
      By Cash
      -----
      ₹1250.00
      ₹4750.00
      1st Jan 2025
      By Cheque
      -----
      ₹938.00
      ₹5688.00
      4th Feb 2025
      To Self
      ₹2344.00
      -----
      ₹3344.00
      18th Feb 2025
      To Self
      ₹586.00
      -----
      ₹2758.00
      1st Mar 2025
      By Clearing
      -----
      ₹440.00
      ₹3198.00
      17th Mar 2025
      To Self
      ₹1099.00
      -----
      ₹2099.00
      22nd Apr 2025
      By Cash
      -----
      ₹275.00
      ₹2374.00
  • ₹41.92
  • ₹39.92
  • ₹36.92
  • ₹33.92
  • ₹31.92
Question 8
8.
In a Recurring Deposit Scheme, if maturity value = ₹9183.75 , rate of interest = 7.00% per annum and number of terms is 6 months, the principal =
  • ₹1460.00
  • ₹1500.00
  • ₹1330.00
  • ₹1650.00
  • ₹1520.00
Question 9
9.
In a Recurring Deposit Scheme, if principal = ₹1200.00 , rate of interest = 7.00% per annum and maturity value ₹30900.00, the number of months =
  • 24
  • 19
  • 27
  • 21
  • 29
Question 10
10.
    • 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
    • ₹94.00
    • Date
      Particulars
      Debit
      Credit
      Balance
      28th Sep 2024
      By Balance
      -----
      -----
      ₹1000.00
      8th Oct 2024
      By Cash
      -----
      ₹9000.00
      ₹10000.00
      11th Nov 2024
      By Clearing
      -----
      ₹4500.00
      ₹14500.00
      19th Dec 2024
      To Cheque
      ₹6750.00
      -----
      ₹7750.00
      26th Jan 2025
      To Self
      ₹3375.00
      -----
      ₹4375.00
      13th Feb 2025
      To Cash
      ₹1688.00
      -----
      ₹2687.00
      26th Feb 2025
      To Cash
      ₹844.00
      -----
      ₹1843.00
      22nd Mar 2025
      By Transfer
      -----
      ₹422.00
      ₹2265.00
      24th Mar 2025
      By Cash
      -----
      ₹316.00
      ₹2581.00
      14th Apr 2025
      To Self
      ₹791.00
      -----
      ₹1790.00
      24th Apr 2025
      By Cash
      -----
      ₹395.00
      ₹2185.00
  • 1.00%
  • 4.00%
  • 5.00%
  • 3.00%
  • 2.00%