IC71 AGRICULTURAL INSURANCE - 04
| Q1.The final advance estimates of area and production and released in_____. |
| a) December / January of the following agriculture year |
| b) December / January of the current agriculture year |
| c) March / April of the following agriculture year |
| d) March / April of the current agriculture year |
| Q2.Foetus Insurance Scheme cover commences from the ___ day of the transfer of live quality embryo/ successful insemination, subject to production of confirmed pregnancy certificate. |
| a) 60th day |
| b) 70th day |
| c) 80th day |
| d) 90th day |
| Q3.Which is a bacterial disease prevalent in India among cattle and buffaloes and it occurs generally in low-lying humid areas and is often seasonal and Outbreaks occur during the periods of highest humidity such as during monsoons? |
| a) Hemorrhagic Septicemia |
| b) Black Quarter |
| c) Rinderpest |
| d) Foot and Mouth disease |
| Q4.In which method of deciding rates, it is the ratio of the losses paid to policyholders divided by the insurance provided to those policyholders and calculates a new premium rate each time? |
| a) Judgement |
| b) Loss ratio |
| c) Pure Premium method |
| d) None of these |
| Q5. What is defined as dishonest, careless, or indifferent behavior by a policyholder that increases the chances of loss(E.g.negligent maintenance of a sewing machine because it is insured)? |
| a) Tiny transactions |
| b) Moral Hazard |
| c) Pricing |
| d) Adverse selection |
| Q6.Which of the following is correct about Micro Insurance Products? |
| a) Minimum amount of cover is Rs.10,000 for Health Insurance(Individual) |
| b) Minimum amount of cover is Rs.5,000 for Personal Accident(per life/earning member of the family) |
| c) Maximum amount of cover is Rs.30,000 for Health Insurance(Individual) |
| d) Minimum Term of cover for Health Insurance(Individual) is 3 years |
| Q7.Khillar buffaloes are mainly found in____. |
| a) Maharashtra |
| b) Karnataka |
| c) Gujarat |
| d) Punjab |
| Q8.Which approach seeks to indemnify the farmer to the full extent of the losses and the premium to be paid by him is determined with reference to his own past yield and loss experience? |
| a) Homogenous area approach |
| b) Individual approach |
| c) Experimental approach |
| d) Comprehensive approach |
| Q9.Statement I: Area yield is practically all risk insurance Statement II:Weather-based insurance is parametric insurance covering specific risks |
| a) Statement I is true |
| b) Statement II is true |
| c) Statement I and II are true |
| d) Statement I and II are false |
| Q10.Which of the following is an exclusion under the Duck insurance scheme? |
| a) Improper Management |
| b) Loss due to huddling, or piling or improper hygienic care |
| c) Both I and II |
| d) None of the above |