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

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