IC71 AGRICULTURAL INSURANCE - 15

Que. 1 : Q1) In Dog Insurance Scheme, Rates of premium is ________ of sum insured.

   1.  a) 5%

   2.  b) 6%

   3.  c) 7%

   4.  d) 8%

Que. 2 : Q2) _____________ calls for careful planning so as to ensure financial soundness while at the same time avoiding undue Government interference.

   1.  a) Administrative structure

   2.  b) Loss adjustment mechanism

   3.  c) Financing insurance programme

   4.  d) Reserves and reinsurance

Que. 3 : Q3) What refers to the concentration of similar risks in a particular area such than an insured event may result in several losses occurring at the same time?

   1.  a) Actuary

   2.  b) Actuarial

   3.  c) Accumulation

   4.  d) Catastrophe

Que. 4 : Q4) In case of transfer of animal during currency of policy, transit cover can be extended to the new owner without any additional premium in case the transit is within _______.

   1.  a) 60 km

   2.  b) 70 km

   3.  c) 80 km

   4.  d) 90 km

Que. 5 : Q5) Government supported crop insurance is a_________mechanism.

   1.  a) Formal

   2.  b) Informal

   3.  c) Semi-formal

   4.  d) Strict