New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Under the PMFBY the premium rate (%) to be paid by farmer of the total cost of all kharif crops and oilseeds-

    A 3% of Sum insured or actual rate whichever is less Correct Answer Incorrect Answer
    B 2.5% of Sum insured or actual rate whichever is less Correct Answer Incorrect Answer
    C 2% of Sum insured or actual rate whichever is less Correct Answer Incorrect Answer
    D 5% of Sum insured or actual rate whichever is less Correct Answer Incorrect Answer
    E 1.5% of Sum insured or actual rate whichever is less Correct Answer Incorrect Answer

    Solution

    For all kharif food grains and oilseed crops farmers has to pay the premium rate of 2 % of sum insured

    Practice Next

    Relevant for Exams:

    ×
    ×