IC71 AGRICULTURAL INSURANCE - 13
| Q1.Agriculture Insurance in China started in _ with the introduction of both livestock and crop insurance. |
| a) 1962 |
| b) 1972 |
| c) 1982 |
| d) 1992 |
| Q2.Foetus Insurance Scheme cover terminates on ____ for cow from the date of confirmation of pregnancy or on the date of calving whichever is earlier. |
| a) 110(+/-5) days |
| b) 150(+/-5) days |
| c) 180(+/-5) days |
| d) 220(+/-5) days |
| Q3.Liability of the insurer would be ____ of the assessed value of the loss and the insured would bear _ of assessed loss. |
| a) 20%,80% |
| b) 80%,20% |
| c) 50%,50% |
| d) 40%,60% |
| Q4.Fondos are a unique feature of agricultural insurance of which country? |
| a) Israel |
| b) Mexico |
| c) Canada |
| d) China |
| Q5.How much percentage of premium subsidy is given to Livestock, Forestry, and aquaculture By the Brazilian Government? |
| a) 10% |
| b) 20% |
| c) 30% |
| d) 40% |
| Q6.Cattle Insurance was introduced on a regular countrywide basis by the General Insurance Company in ____, during which year about 30,000 animals were insured. |
| a) 1924 |
| b) 1944 |
| c) 1964 |
| d) 1974 |
| Q7.Under mNAIS all the claims will be borne by_____. |
| a) Insurance company |
| b) State Government |
| c) Central Government |
| d) None of the above |
| Q8.Choose the correct statement. |
| a) Quota share treaty is a non-proportional reinsurance arrangement |
| b) Quota share treaty is proportional reinsurance arrangement |
| c) Quota share treaty enables the reinsurer to get a fixed percentage share of the premium, but a higher share of claims |
| d) Quota share treaty binds the reinsurer to share a fixed percentage of claims but provides for a higher share of the premium. |
| Q9.Because of which risk, lack of liquidity at various critical junctures during the crop production cycle, and high transaction cost resulting from lack of collectivization? |
| a) Market risk |
| b) Financial risk |
| c) Production risk |
| d) Technology risk |
| Q10.Crop Insurance in Mexico dates back to ____. |
| a) 1916 |
| b) 1926 |
| c) 1936 |
| d) 1946 |