| 1. Under this scheme, farmers will have to pay a uniform premium of two percent for any crop they cultivate in any season of the year. |
| 2. This scheme covers post-harvest losses arising out of cyclones and unseasonal rains. |
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: B
Solution :
Pradhan Mantri Fasal Bima Yojana will also seek to address a long standing demand of farmers and provide farm level assessment for localised calamities including hailstorms, unseasonal rains, landslides and inundation. Post-harvest loss is included so ff2 is right. But Under the new scheme, farmers will have to pay a uniform premium of two per cent for all kharif crops and 1.5 per cent for all rabi crops. For annual commercial and horticultural crops, farmers will have to pay a premium of 5 per cent. So, 1f\ is wrong. Therefore, answer [B] only 2. Ref: Indian express/ January 14, 2016; http:// indianexpress.com/article/business/business-others/pradhan-mantri-fasal-bima-yojana-crop-insurance- plan-to-entail-rs-8-8k-cr-outgo/
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