Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

Pradhan Mantri Fasal Bima Yojana, Inaugurated in February 2016, envisages a uniform premium of only ________ to be paid by farmers for farmers for Kharif crops.

A) 1.5 percent

B) 2.7 percent

C) 2.3 percent

D) 2 percent

E) 2.5 percent

Correct Answer: D

Solution :

Prime Minister Narendra Modi, in February 2016, launched the guidelines for operationalization of the Pradhan Mantri Pasal Bima Yojana (PMFBY). The guidelines were issued at a farmers' convention in Sherpur village of Madhya Pradesh.

PMFBY will come into force from the 2016 Kharif season (from June to October in India).

It aims at boosting the agricultural sector of India and envisages a uniform premium of only 2 percent to be paid by farmers for Kharif crops, and 1.5 percent for Rabi crops.

The premium for annual commercial and horticultural crops will be 5 percent.

Report Error

Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

question_answer Pradhan Mantri Fasal Bima Yojana, Inaugurated in February 2016, envisages a uniform premium of only ________ to be paid by farmers for farmers for Kharif crops. A) 1.5 percent B) 2.7 percent C) 2.3 percent D) 2 percent E) 2.5 percent

Pradhan Mantri Fasal Bima Yojana, Inaugurated in February 2016, envisages a uniform premium of only ________ to be paid by farmers for farmers for Kharif crops.

A) 1.5 percent

B) 2.7 percent

C) 2.3 percent

D) 2 percent

E) 2.5 percent