What do you understand by the term lsquo Hybrid Annuity Model rsquo ........

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What do you understand by the term ‘Hybrid Annuity Model’?

It refers to the use of hybrid varieties of wheat and rice on a cyclical basis in Rabi and Kharif seasons respectively.

It is a model of Public Private Partnership being implemented in infrastructure projects in India

It is model of mixed economy that combines elements of both Capitalist and Socialist economies.

It is a new model of infrastructure financing where projects of long gestation period are refinanced on an annual basis.

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Explanation:

- Option 1: This statement refers to agricultural practices, specifically the use of hybrid varieties of wheat and rice, rotated seasonally. However, this is not related to the Hybrid Annuity Model.

- Option 2: This is the correct statement. The Hybrid Annuity Model (HAM) is a Public Private Partnership (PPP) model used in India, particularly in infrastructure projects like roads and highways. Under HAM, the government provides a fixed amount of funding, which reduces the risk for private players, making investment more appealing and project delivery more efficient.

- Option 3: This statement describes a mixed economy model, combining capitalist and socialist elements. It doesn't directly relate to the Hybrid Annuity Model, which is specific to infrastructure partnerships.

- Option 4: This statement describes a theoretical model of infrastructure financing, involving refinancing long-term projects annually. However, this isn't the correct description of the Hybrid Annuity Model.

- Correct Answer: Option 2: The Hybrid Annuity Model is a PPP model implemented in infrastructure projects in India.