1. Which of the following Private Bank/Small Finance Bank has launched 'Hrudaya Deposit' scheme?

A. Janalakshmi Financial services B. Axis Bank C. ESAF D. Ujjivan Financial Services

Answer: Option C
Explanation: ESAF Small Finance Bank has launched a social deposit scheme called Hrudaya Deposit at a function held in Thrissur. The deposit scheme, as the name suggests, stands for a social cause, through which, ESAF Bank provides the customers with an opportunity to be a part in social welfare projects, which none of the other banks have given so far.
2. Who is appointed as the new Executive Director of the RBI?

A. Malvika Sinha B. B P Kanungo C. Pradeep Kumar D. Chirag Trivedi

Answer: Option A
Explanation: The Reserve Bank has appointed MalvikaSinha as Executive Director following the appointment of B P Kanungo as Deputy Governor. As Executive Director, she will look after the foreign exchange department, department of government and bank accounts and internal debt management wing, RBI said in a release.
3. What is 'A' stands for in FATCA(related to tax)?

A. Anti B. Asset C. Audit D. Account

Answer: Option D
Explanation: Recently, Bank accounts opened between July 1, 2014, and August 31, 2015, need to submit self-certification by April 30 to comply with FATCA (Foreign Account Tax Compliance Act) provisions, without which the accounts would be blocked.
4. Who is the new MD of Saraswat Cooperative Bank?

A. Arun Shrivastava B. Smita Sandhane C. Pawan Kumar Bajaj D. Kishore Kumar Sansi

Answer: Option B
Explanation: Smita Sandhane has taken charge as Managing Director of the Saraswat Cooperative Bank with effect from April 1. She is the first woman chief of India's largest urban co-operative bank. Prior to her elevation, Sandhane was the Joint Managing Director of the bank. She has been with the bank since 1982.
5. Who is the new Country Director of India Resident Mission of the Asian Development Bank (ADB)?

A. Lei Kan B. Kenichi Yokoyama C. Xiaohong Yang D. None of the above

Answer: Option B
Explanation: Yokoyama replaces M Teresa Kho who is now posted as Deputy Director-General of ADB’s East Asia Department in Manila. Yokoyama was previously heading the Nepal Resident Mission of ADB.

1. Who is the MD & CEO of Indian Overseas Bank?

A. N V Srinivasan B. Bishyadip Dey C. R Subramania Kumar D. M Rajeshwar Rao

Answer: Option C
Explanation: Mr. R. Subramania Kumar has been the Chief Executive Officer and Managing Director of Indian Overseas Bank since November 11, 2016.
2. Recently, which of the following country has recognised 'Bitcoin' as Currency?

A. Russia B. Australia C. China D. Japan

Answer: Option D
Explanation: Bitcoin has finally gained the recognition of a mainstream currency along the lines of other fiat currencies. The privilege follows the implementation of a new law in Japan which categorizes Bitcoin as a legal payment option within the country. The much-awaited law went into effect on April 1, 2017.
3. ClearTax has launched a tech platform for helping in the implementation of which of the following Indian tax law?

A. GST B. Income-Tax Act, 1961 C. The Foreign Exchange Management Act, 1999 (FEMA) D. Foreign Exchange Regulation Act (FERA)

Answer: Option A
Explanation: ClearTax has launched a first-of-its-kind multi GPS (GST Suvidha Provider) taxation solution and the software will be adept to handle over 1 billion invoices, which is expected to be generated after the GST rollout. GSTN, the company that is tasked with building the world’s biggest and most complex tax framework, has shortlisted 34 companies to be the GST Suvidha Provider.
4. Who is the new CEO of Larsen & Toubro (L&T)?

A. S.P. Balasubramanyam B. S.N. Subrahmanyan C. M Teresa Kho D. R Rajeshwar

Answer: Option B
Explanation: The Board of Directors of Larsen & Toubro (L&T) on Friday elevated S.N. Subrahmanyan as chief executive officer and managing director from the position of deputy managing director and president of the company and appointed Anil Manibhai Naik as nonexecutive chairman with effect from October 1, 2017, for a period of three years.
5. Manappuram Finance is going to launch a co-branded prepaid card with which of the following Bank?

A. ICICI B. HDFC C. SBI D. Yes Bank

Answer: Option D
Explanation: In its efforts to promote digital financial transactions, the Kerala-based NBFC Manappuram Finance will launch its own cobranded prepaid card in tie-up with YES Bank. The 'Manappuram YES Bank Prepaid Money Card' can be pre-loaded up to a maximum amount of Rs.50,000 and then be used to withdraw money from all ATMs.

1. Who is the new chairman of the Karnataka Bank?

A. P Jayarama Bhat B. Mahabaleshwara MS C. Sunita Sharma D. B Venugopal

Answer: Option A
Explanation: Karnataka Bank Ltd has announced top-level management changes with the present Managing Director and Chief Executive Officer (MD and CEO) of the bank, P Jayarama Bhat, assuming the charge of part-time nonexecutive Chairman of the bank.
2. Which International Financial Organization has approved a loan for India’s first waterway project?

A. International Monetary Fund B. Asian Development Bank C. New Development Bank D. World Bank

Answer: Option D
Explanation: The World Bank has approved a $375 million loan to India’s first waterway project.
3. What is 'R' stands for in "GRAF"(related to Public Sector Banks)?

A. Rate B. Rating C. Reward D. None of the Above

Answer: Option C
Explanation: To prime public sector banks (PSBs) to hold their own against nifty private sector rivals and also prepare them for possible mergers in the future, the Bank Boards Bureau (BBB) has drawn up an elaborate Governance, Reward and Accountability Framework (GRAF).
4. The datacenter of which of the following bank has become India's first CII-IGBC Platinum rated project?

A. ICICI B. SBI C. Punjab National Bank D. Bank of Baroda

Answer: Option A
Explanation: The ICICI Bank Data Centre in Hyderabad has achieved the distinction of becoming the country's first Platinum rated project under IGBC Green Data Centre Rating System. IGBC Green Data Centre Rating System would facilitate in providing tremendous tangible and intangible benefits. Tangible benefits include 20 to 25 percent reduction in Power Usage Effectiveness, 25 to 30 percent reduction in water consumption.
5. Who is the new Chief of the National Association of Software and Services Companies (Nasscom)?

A. Aziz Premji B. Raman Roy C. Rishad Premji D. CP Gurnani

Answer: Option B
Explanation: The National Association of Software and Services Companies (Nasscom) appointed Raman Roy, managing director of Quatrro Global Services, as its chairman for 2017- 2018. Rishad Premji, chief strategy officer, Wipro Limited has been appointed Vice-Chairman.