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    Question

    Escorts has signed MoU with ________ for tractor

    financing. 
    A IDBI Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C SBI Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E PNB Correct Answer Incorrect Answer

    Solution

    The State Bank of India (SBI) has recently signed an agreement with Escorts Ltd to finance farmers for purchase of Escorts tractors. The aim of the tie-up with Escorts is to promote, market and make accessible, organised finance facility, with superior features, at competitive interest rates to farmers across the country, who wish to purchase Powertrac and Farmtrac tractors manufactured by Escorts.

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