IC71 AGRICULTURAL INSURANCE - 20
| Q1.To meet catastrophic losses, a corpus fund shall be created with contributions from the Government of India and State/Union Territory on a __basis. |
| a) 30:70 |
| b) 40:60 |
| c) 50:50 |
| d) 60:40 |
| Q2.What is the difference between the Threshold yield and the Actual yield? |
| a) Premium rates |
| b) Shortfall |
| c) Deciding compensation |
| d) Coefficient |
| Q3.Which of the following is an exclusion under the Duck insurance scheme? |
| a) Improper Management |
| b) Loss due to huddling, or piling, or improper hygienic care |
| c) Both I and II |
| d) None of the above |
| Q4.What refers to the precipitation in the form of ice granules which according to the size and quantity thereof can cause severe damage to crops and livestock? |
| a) Deductible |
| b) Hail |
| c) Inundation |
| d) Index insurance |
| Q5.What refers to the application for indemnity after an insured event has occurred and Notice to an insurer that under the terms of a policy, a loss may be covered? |
| a) Actuarial |
| b) Claim |
| c) Deductible |
| d) Catastrophe |
| Q6.Which of the following is the not likely 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 |
| Q7.In case the transit is for more than 80 km, an additional premium of ___ shall be charge and such transit shall only be by road or rail and not by foot. |
| a) 1% |
| b) 2% |
| c) 3% |
| d) 4% |
| Q8.Ducks should be allowed to migrate only after __ of age. |
| a) 8 weeks |
| b) 10 weeks |
| c) 14 weeks |
| d) 20 weeks |
| Q9.As per the National Agriculture Insurance Scheme provisions, three levels of indemnity have been fixed. They are ____ corresponding to high, medium, and low-risk crops. |
| a) 50%, 60%, 70% |
| b) 60%, 70%, 80% |
| c) 60%, 80%, 90% |
| d) 50%, 70%, 90% |
| Q10.The role of crop insurance in the provision of credit is to ____ the seasonal loan made to a farmer. |
| a) Guide |
| b) Finance |
| c) Protect |
| d) Covers |