IC71 AGRICULTURAL INSURANCE - 05
| Q1.The Agriculture Income Disaster Assistance Program was a farm income support Program introduced by Canada in ___. |
| a) 1928 |
| b) 1978 |
| c) 1998 |
| d) 2008 |
| Q2.The market response to weather-based crop insurance products can be improved by_____. |
| a) Overstating benefits while selling the product |
| b) Giving half-yearly weather data to the reinsurers. |
| c) Ensuring a proper geographical spread of the product |
| d) None of the above |
| Q3.Area yield crop insurance is Easy-to- design if historical yield data upto __ is available. |
| a) 5 years |
| b) 7 years |
| c) 10 years |
| d) 15 years |
| Q4.For 75% of subsidy to farmers subject to a minimum net premium of 6%, What will be the premium slab? |
| a) amp;amp;gt;2 - 5% |
| b) and 5 - 10% |
| c) >10 - 15% |
| d) 15% |
| Q5.Private crop-hail insurance was first introduced in the USA in ____ by the continental insurance companies. |
| a) 1777 |
| b) 1887 |
| c) 1997 |
| d) 1950 |
| Q6.Which scheme covers the risk of death of embryo/fetus due to accident or disease contracted through the recipient or directly from an external source? |
| a) Cattle Insurance Scheme |
| b) Crop insurance |
| c) Foetus Insurance Scheme |
| d) Poultry Insurance Scheme |
| Q7.Choose the incorrect statement |
| a) Use of RFID in cattle insurance can help reduce moral hazard. |
| b) Freeze brand ing is more human than hot brand ing |
| c) Muzzle prints or nose prints of cattle can't be used for identification purposes |
| d) Branding using white-hot iron should be avoided |
| Q8.Pilot Crop Insurance Scheme (PCIS) was based on the____. |
| a) Individual approach |
| b) Area approach |
| c) Involuntary approach |
| d) None of the above |
| Q9.The role of crop insurance in the provision of credit is to ____ the seasonal loan made to a farmer. |
| a) Guide |
| b) Finance |
| c) Protect |
| d) Covers |
| Q10.A sum of ____ becomes payable to the cart driver who whilst driving the cart meets with death following an accident to the cart and/or for loss of two entire feet, or two arms or complete loss of sight of two eyes. |
| a) Rs.5,000 |
| b) Rs.10,000 |
| c) Rs.15,000 |
| d) Rs.20,000 |