📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Rakhi Special - Flat 52% off on All Courses from 6 to 10 Aug! âš¡ Enroll Now

    Question

    Warehousing Development Regulatory Authority (WDRA) has

    signed Memorandum of Understanding (MoU) with which bank to facilitate farmers and traders in providing low interest rate loans & with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt)?
    A Union Bank of India Correct Answer Incorrect Answer
    B UCO Bank Correct Answer Incorrect Answer
    C Indian Bank Correct Answer Incorrect Answer
    D Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    To facilitate farmers and traders in providing low interest rate loans, Warehousing Development Regulatory Authority (WDRA) signed a Memorandum of Understanding (MoU) with a Bank of India (BoI). The MoU was signed with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt).The MoU also aims to provide information to depositors of the benefits, besides doing further outreach activities to improve agricultural pledge finance in India.

    Practice Next
    More Beepedia Questions
    ask-question