IC71 AGRICULTURAL INSURANCE - 06
| Q1.Crop Insurance Bill was introduced in the year______. |
| a) 1947 |
| b) 1957 |
| c) 1965 |
| d) 1977 |
| Q2.What refers to an amount of loss that has to be reached before the insurer will pay a claim and once this threshold is met, the insurer has to pay the claim in full? |
| a) Deductible |
| b) Franchise |
| c) Excess |
| d) Claim |
| Q3.Lack of effective and efficient markets and poor storage facilities add to the problems that lead to |
| a) Production risk |
| b) Market risk |
| c) Financial risk |
| d) Institutional risk |
| Q4.Which can be classified as government-provided or market-based strategies/solutions in dealing with the risk and Government action plays an important role in agricultural risk management both ex-ante and ex-post? |
| a) Informal mechanism |
| b) Formal mechanism |
| c) Coping mechanism |
| d) None of these |
| Q5.What should be the age group of Rabbit to apply Rabbit Insurance Scheme? |
| a) 1 day to 4 years |
| b) 3 days to 6 years |
| c) 10 days to 7 years |
| d) 15 days to 8 years |
| Q6.In Dog Insurance Scheme, dogs cannot be insured when age is less than ___ and more than ___ years. |
| a) 2 weeks and 8 years |
| b) 4 weeks and 9 years |
| c) 6 weeks and 10 years |
| d) 8 weeks and 10 years |
| Q7.An excess which the insured agrees to bear in exchange for a reduction in premium is called? |
| a) Pure premium |
| b) Voluntary excess |
| c) Rate-on-line |
| d) Waiting period |
| Q8.The first agricultural census in the country was conducted with reference year ____. |
| a) 1960-61 |
| b) 1970-71 |
| c) 1980-81 |
| d) 1990-91 |
| Q9.In Animal Driven cart insurance, the premium will be charged at __ on the market value of the cart and animal/s together. |
| a) 0.5% |
| b) 1.00% |
| c) 1.40% |
| d) 2.00% |
| Q10.Which of the following is not an infectious disease found amongst cattle? |
| a) Rinderpest |
| b) Hemorrhagic Septicemia |
| c) Black Quarter |
| d) Bloat or Tympanitis |