Q. Which of the following statements is/are correct with respect to the Pradhan Mantri Fasal Bima Yojana (PMFBY)?

Select the correct answer using the codes given below:

2 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1 and 3 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2 and 3 only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

1, 2 and 3

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 2 and 3 only
Explanation:

Statement 1 is incorrect. The premium for farmers: 2% for Kharif food and oilseeds crops, 1.5% for Rabi food and oilseeds crops, 5% for annual commercial/horticultural crops.

Statement 2 is correct.

Statement 3 is correct.

Suggest Corrections

Similar questions

Q13) Consider the following statements about Pradhan Mantri Fasal Bima Yojana)

1. There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.

2.In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.

3.Post-Harvest losses are also included)

Which of the above statements is/are correct?

Q64. Consider the following statement about Pradhan Mantri Fasal Bima Yojana (PMFBY)

1. Uniform maximum premium for kharif crops paid by farmers is 2 percent

2. Uniform maximum premium for Rabi crops paid by farmers is 3 percent

3. In case of annual commercial and horticultural crops this rate will be 5 per cent.

Which of the above statement(s) is/are correct?

Q. Which of the following statements is/are correct about Pradhan Mantri Fasal Bima Yojana (PMFBY)?

Select the correct answer using the codes given below:

59. With reference to Pradhan Mantr iFasal Bima Yojana,

i) This Scheme covers only kharif, rabi crops.

ii) New scheme will cover post-harvest losses apart from yield loss.

iii) Scheme proposes mandatory use of remote sensing, smart phones and drones for quick estimation of crop loss to speed up the claim process.

Which of the following statement is/are true?

As per the Pradhan Mantri Fasal Bima Yojana, how much premium (in percentage) should be paid by the farmers for the Kharif & Rabi crops respectively?

Join BYJU'S Learning Program