Multiple Choice Questions on With reference to Pradhan Mantri Fasal Bima Yojana consider following statements It is being adminis........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

With reference to Pradhan Mantri Fasal Bima Yojana consider following statements It is being adminis...........

Economic Affairs Agricultural Finance
    Download Solution PDF

    With reference to Pradhan Mantri Fasal Bima Yojana, consider following statements

    1. It is being administered by the Ministry of Agriculture and Farmers Welfare.
    2. It is compulsory for loanee farmers availing Crop Loan /KCC account for notified crops.
    3. The premium for Kharif and Rabi crops is 2% and 1.5% respectively.

    Select the correct statement.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Correct Answer

    All of the above

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Agricultural Finance
    Prepare through Micro-courses
    Try Now
    Explanation:
    • The Pradhan Mantri Fasal Bima Yojana (PMFBY) is being administered by the Ministry of Agriculture and Farmers Welfare.
    • The government approved major changes in the Pradhan Mantri Fasal Bima Yojana (PMFBY) making it optional for farmers with a view to plug loopholes in the farm insurance scheme. Hence statement 2nd is incorrect.
    • The prescribed premium to be paid by farmers for all Kharif and Rabi crops is 2% and 1.5% respectively. In the case of annual commercial and horticultural crops, the premium is 5%.

    By: Shubham Tiwari
    ProfileResources

    Let's Discuss

    Sushank Saini

    2nd statement is incorrect.It has been made voluntary for all eligible farmers since Feb,2020

    0 0 reply

    Shubham Tiwari

    Issue resolved

     0 0 reply
    Master
    Agricultural Finance
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free