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 |