IC71 AGRICULTURAL INSURANCE - 03
| Q1.What is the difference between the Threshold yield and the Actual yield? |
| a) Premium rates |
| b) Shortfall |
| c) Deciding compensation |
| d) Coefficient |
| Q2.Under NAIS farmers availing loans, financial institutions are covered on__basis. |
| a) Voluntary |
| b) Compulsory |
| c) First come first serve (FCFS) |
| d) None of the above |
| Q3.Which refers to the amount required by an insurer to pay losses under an insurance policy prior to taking into account the insurer's general expenses? |
| a) Return period |
| b) Pure premium |
| c) Voluntary excess |
| d) Waiting period |
| Q4.Which of the following are the primary objectives of the premium rating objectives of Actuarial premium rating in crop Insurance? |
| a) Stability |
| b) To develop a price structure adequate to cover claims and operating costs of the insurer |
| c) Responsiveness |
| d) Encouragement or incentive to insured |
| Q5.Authority to accept elephant insurance up to_____per elephant is normally vested with the regional office of insurance? |
| a) Rs. one lac |
| b) Rs. four lac |
| c) Rs. five lac |
| d) There is no limit |
| Q6.Which cattle are produced by crossing exotic bulls with indigenous cows, so that they possess high milk yielding, regular breeding, and early maturity qualities of the exotic parent, and sturdiness and disease resistant qualities of the indigenous parent? |
| a) Milch cattle |
| b) Draught cattle |
| c) Cross-bred cattle |
| d) None of these |
| Q7.Which scheme shall provide indemnity against death of ducks due to accident including fire, lightning, flood, cyclone, strike, and riot? |
| a) Poultry insurance |
| b) Duck Insurance Scheme |
| c) Birds Insurance scheme |
| d) None of these |
| Q8.In Japan, the National Forest Insurance law was enacted in which year? |
| a) 1929 |
| b) 1935 |
| c) 1937 |
| d) 1947 |
| Q9.Spot the incorrect statement. in order for weather insurance to grow and be used as a meaningful risk mitigation tool_____. |
| a) More weather stations are needed |
| b) Effort to receive data on a real-time basis need to be made |
| c) Private weather stations should be exclusively used |
| d) None of the above |
| Q10.Which animal for insurance purposes means one of whose parents is of foreign breed? |
| a) Indigenous animal |
| b) Exotic animal |
| c) Crossbred animal |
| d) None of these |