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Vidaara.orgClass 10 · Mathematics
CodeVID-M10-17-CT
Banking — Full Chapter Test
Chapter: Banking
Topic: Complete chapter — all topics
Maximum Marks: 35
Time: 75 minutes
Name: ____________________ Roll No.: __________ Date: ____________

General Instructions

  • This is a full-length test covering the whole chapter — every topic is included.
  • All questions are compulsory.
  • Section A carries 1 mark each, Section B 2 marks, Section C 3 marks and Section D 5 marks.
  • Show all working for Sections B, C and D. Only final answers are given at the end — for full solutions, raise your doubts with your teacher.
Section A — Multiple Choice Questions 5 × 1 = 5 marks
1.
Simple interest $=$
  • A.$\dfrac{PRT}{100}$
  • B.$P+RT$
  • C.$\dfrac{P}{RT}$
  • D.$PRT$
2.
Savings interest is computed on the:
  • A.maximum balance
  • B.minimum monthly balance
  • C.opening balance
  • D.average of all
3.
RD installments are deposited:
  • A.yearly
  • B.monthly
  • C.once
  • D.weekly
4.
A recurring deposit is made:
  • A.once
  • B.every month
  • C.every year
  • D.randomly
5.
A savings account earns:
  • A.fees
  • B.interest
  • C.dividends
  • D.tax
Section B — Short Answer (2 marks) 4 × 2 = 8 marks
6.
Find the simple interest on $\textsf{Rs }1000$ at $10\%$ for $2$ years.
7.
Find one month's interest on $\textsf{Rs }6000$ at $4\%$ p.a.
8.
Find the total deposit in an RD of $\textsf{Rs }200$/month for $10$ months.
9.
If the monthly deposit is $\textsf{Rs }500$ for $12$ months, find the total deposited.
Section C — Short Answer (3 marks) 4 × 3 = 12 marks
10.
Find the simple interest on $\textsf{Rs }2000$ at $8\%$ p.a. for $3$ years.
11.
The qualifying sum of minimum monthly balances is $\textsf{Rs }60000$. Find the annual interest at $4\%$.
12.
Find the interest on an RD of $\textsf{Rs }100$/month for $12$ months at $10\%$ p.a.
13.
A man deposits $\textsf{Rs }300$ per month for $2$ years. Find the total deposited.
Section D — Long Answer (5 marks) 2 × 5 = 10 marks
14.
A person deposits $\textsf{Rs }1000$ per month in an RD for $1$ year. Find the total deposited and the maturity value if the interest is $\textsf{Rs }325$.
15.
The minimum monthly balances (in $\textsf{Rs}$) over $6$ months are $5000,6000,4000,7000,5000,3000$. Find the interest at $5\%$ p.a.

Answer Key

Section A — Multiple Choice Questions
  1. (A) $\dfrac{PRT}{100}$
  2. (B) minimum monthly balance
  3. (B) monthly
  4. (B) every month
  5. (B) interest
Section B — Short Answer (2 marks)
  1. $\textsf{Rs }200$.
  2. $\textsf{Rs }20$.
  3. $\textsf{Rs }2000$.
  4. $\textsf{Rs }6000$.
Section C — Short Answer (3 marks)
  1. $\textsf{Rs }480$.
  2. $\textsf{Rs }200$.
  3. $\textsf{Rs }65$.
  4. $\textsf{Rs }7200$.
Section D — Long Answer (5 marks)
  1. Deposit $\textsf{Rs }12000$; maturity value $\textsf{Rs }12325$.
  2. $\textsf{Rs }125$.
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