IC71 AGRICULTURAL INSURANCE - 07

Q1.In Sheep and goat insurance scheme, what is the premium rate for exotic animals per annum?
   a) 4% gross per annum
   b) 5% gross per annum
   c) 6% gross per annum
   d) 7% gross per annum
 
Q2.Which of the following are aspects that have to be kept in mind in excess of the loss treaty?
   a) Whether the cover is intended to be a working or a catastrophic cover
   b) Proper definition of what constitutes a claim
   c) Determining the Probable Maximum Loss of risks insured while fixing the priority
   d) All of the above
 
Q3.NAIS stand s for______.
   a) National Agricultural Insurance Scheme
   b) New Agricultural Insurance Scheme
   c) National Agricultural Investment Scheme
   d) None of the above
 
Q4.Changes in farm subsidies represent___.
   a) Institutional risk
   b) Personal risk
   c) Financial and Credit risk
   d) Personal and credit risk
 
Q5.Which of the following is the not likely a benefit of agricultural reinsurance?
   a) Maintenances of financial stability for the insurer
   b) Limit exposure to risk
  c) Improved farming standards and greater awareness of risk management
   d) Eliminate risks completely
 
Q6.What refers to the price per unit of insurance and is normally expressed as a percent of the sum insured?
   a) Normal yield
   b) Premium rate
   c) Moral hazard
   d) Loss cost
 
Q7.The word cattle does not refer to which of the following species?
   a) Milch cows
   b) Bullocks
   c) Calves
   d) Chicken
 
Q8. In Comprehensive Floriculture Insurance, what is the premium rate for the farm having poly-house with aluminum grippers?
   a) 1%
   b) 1.5%
   c) 1.75%
   d) 2.5%
 
Q9.Which are all the Benefits of crop insurance?
   a) It improves the position of farmers in relation to agriculture credit
  b) The Government is relieved of the present irregular financial burden of providing relief
  c) It will help maintain the dignity of farmers
   d) All of the above
 
Q10.India is ranked_____in terms of milk production.
   a) 1st
   b) 2nd
   c) 3rd
   d) 4th

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