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    Question

    What is the premium rate payable by PMFBY beneficiaries

    for Rabi crops (% of SI or Actuarial rate)?
    A 2.0% Correct Answer Incorrect Answer
    B 5.0% Correct Answer Incorrect Answer
    C 3.0% Correct Answer Incorrect Answer
    D 0.5% Correct Answer Incorrect Answer
    E 1.5% Correct Answer Incorrect Answer

    Solution

    Pradhan Mantri Fasal Bima Yojana (PMFBY) is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform. The Maximum Premium payable by the farmers is 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual Commercial/Horticultural Crops.

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