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?

a) 1 and 2 only

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b) 2 and 3 only

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c) 1 and 3 only

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d)All of the above

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Solution

The correct option is D d)All of the above
Answer 13: D

Explanation: On 13th January, 2016, the Govt. has launched a new crop insurance policy Pradhan Mantri Fasal Bima Yojna
(PMFBY). It will replace two schemes National Agricultural Insurance Scheme (NAIS) and the modified NAIS (MNAIS).

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Similar questions

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?

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?

The new Crop Insurance Scheme, Pradhan Mantri Fasal Bima Yojana is in line with One Nation – One Scheme theme. Consider the following statements about PMFBM:

Which of the above statements is/are incorrect

1 and 2 only
1 and 3 only
2 and 3 only
None of these

Q16. Consider the following statements about Minimum Support Prices (MSP):

1. MSP is the price at which government purchases crops from the farmers, whatever may be the price for the crops.

2. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Ministry of Agriculture.

Which of the above statements are correct?

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?

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The correct option is D d)All of the aboveAnswer 13: D Explanation: On 13th January, 2016, the Govt. has launched a new crop insurance policy Pradhan Mantri Fasal Bima Yojna (PMFBY). It will replace two schemes National Agricultural Insurance Scheme (NAIS) and the modified NAIS (MNAIS).

The correct option is D d)All of the above
Answer 13: D

Explanation: On 13th January, 2016, the Govt. has launched a new crop insurance policy Pradhan Mantri Fasal Bima Yojna
(PMFBY). It will replace two schemes National Agricultural Insurance Scheme (NAIS) and the modified NAIS (MNAIS).