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 maturity value = ₹43533.75 , rate of interest = 9.00% per annum and number of terms is 30 months, the principal =
  • ₹1180.00
  • ₹1350.00
  • ₹1570.00
  • ₹1300.00
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 5.00% per annum and the person gets ₹29691.67 at the time of maturity, find the number of months for which the account was held.
  • 33
  • 23
  • 28
  • 25
  • 31
Question 3
3.
A person deposited ₹1700.00 in a bank for 15 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.
  • ₹27200.00
  • ₹28900.00
  • ₹24400.00
  • ₹29700.00
  • ₹26400.00
Question 4
4.
In a Recurring Deposit Scheme, if principal = ₹700.00 , rate of interest = 5.00% per annum and maturity value ₹4261.25, the number of months =
  • 4
  • 8
  • 5
  • 7
  • 6
Question 5
5.
In a Recurring Deposit Scheme, if principal = ₹1600.00, rate of interest = 3.00% per annum and number of terms is 12 months, the maturity value =
  • ₹17812.00
  • ₹20912.00
  • ₹22112.00
  • ₹19512.00
  • ₹19312.00
Question 6
6.
A person deposited ₹2000.00 in a bank for 10 months under a Recurring Deposit Scheme. If the person received ₹20366.67 at the time of maturity, find the rate of interest per annum.
  • 2.00%
  • 6.00%
  • 4.00%
  • 3.00%
  • 5.00%
Question 7
7.
    • 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
    • March
    • 2025
    • is
    • ₹359.15
    • Date
      Particulars
      Debit
      Credit
      Balance
      10th Jul 2024
      By Balance
      -----
      -----
      ₹1000.00
      20th Jul 2024
      By Cash
      -----
      ₹15000.00
      ₹16000.00
      24th Aug 2024
      To Self
      ₹7500.00
      -----
      ₹8500.00
      29th Sep 2024
      By Cheque
      -----
      ₹3750.00
      ₹12250.00
      2nd Oct 2024
      To Cheque
      ₹2813.00
      -----
      ₹9437.00
      30th Oct 2024
      To Cash
      ₹4219.00
      -----
      ₹5218.00
      14th Nov 2024
      By Cheque
      -----
      ₹1055.00
      ₹6273.00
      13th Dec 2024
      By Clearing
      -----
      ₹2637.00
      ₹8910.00
      6th Jan 2025
      By Cheque
      -----
      ₹3955.00
      ₹12865.00
      9th Feb 2025
      By Transfer
      -----
      ₹2966.00
      ₹15831.00
      13th Mar 2025
      To Self
      ₹7416.00
      -----
      ₹8415.00
  • 6.00%
  • 8.00%
  • 5.00%
  • 7.00%
  • 4.00%
Question 8
8.
In a Recurring Deposit Scheme, if principal = ₹700.00 , maturity value = ₹13198.50 and number of terms is 18 months, the rate of interest per annum =
  • 5.00%
  • 6.00%
  • 4.00%
  • 8.00%
  • 7.00%
Question 9
9.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • December
    • 2024
    • , at
    • 5
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      13th Jul 2024
      By Balance
      -----
      -----
      ₹1000.00
      23rd Jul 2024
      By Cash
      -----
      ₹12000.00
      ₹13000.00
      28th Aug 2024
      By Transfer
      -----
      ₹6000.00
      ₹19000.00
      8th Sep 2024
      To Self
      ₹4500.00
      -----
      ₹14500.00
      12th Oct 2024
      To Cheque
      ₹3375.00
      -----
      ₹11125.00
      20th Oct 2024
      To Self
      ₹5063.00
      -----
      ₹6062.00
      25th Oct 2024
      By Cash
      -----
      ₹2531.00
      ₹8593.00
      17th Nov 2024
      By Cash
      -----
      ₹1898.00
      ₹10491.00
      17th Dec 2024
      By Clearing
      -----
      ₹4746.00
      ₹15237.00
      26th Dec 2024
      To Cheque
      ₹7119.00
      -----
      ₹8118.00
      30th Dec 2024
      To Cash
      ₹1780.00
      -----
      ₹6338.00
  • ₹184.04
  • ₹202.04
  • ₹198.04
  • ₹208.04
  • ₹225.04
Question 10
10.
A person deposits in a Recurring Deposit account for 25 months. If the rate of interest is 5.00% per annum and the bank pays ₹26354.17 on maturity, find how much he deposited each month
  • ₹1160.00
  • ₹1020.00
  • ₹1000.00
  • ₹860.00
  • ₹850.00