ECONOMY MCQS SET 90

ECONOMY MCQS SET 90

891) Consider the following
1. National Insurance Company Limited
2. New India Assurance Company Limited
3. United India Insurance Company Limited
4. Oriental Insurance Company Limited
Which of the Insurance companies given above participated in the formation of 'Agriculture Insurance Company of India Limited (AICIL)'?
A) 3 and 4
B) 1, 2 and 3
C) 2, 3 and 4
D) All of these
Correct Answer: All of these
   
892) Which one of the following is the main objective of the Farm Income Insurance Scheme?
A) To provide income protection to the farmers by insuring production
B) To provide income protection to the farmers by insuring market risks
C) To provide income protection to the farmers by providing the insured seeds to farmers
D) Both 'a' and 'b'
Correct Answer: Both 'a' and 'b'
   
893) Which one of the following description is correct about the Varsha Bima/Rainfall Insurance Scheme of India?
A) Varsha Bima is implemented by General Insurance Company of India Ltd.
B) Varsha Bima was started during 2004 South West monsoon period.
C) Varsha Bima is implemented throughout the country.
D) Varsha Bima is provided for two different options su1ting varied requirements of farming community.
Correct Answer: Varsha Bima was started during 2004 South West monsoon period.
   
894) Consider the following statements about the Livestock Insurance Scheme
1. Livestock Insurance Scheme was Implemented in all the states except Goa.
2. Livestock Insurance Scheme has twin objectives of providing protection mechanism to the farmers and cattle rearers and to demonstrate the benefit of the insurance of livestock.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
895) Which one of the following agencies is implementing the National Agricultural Insurance Schemes (NAIS) in India?
A) General Insurance Corporation of India Limited
B) Life Insurance Corporation of India Limited
C) National Assurance Company of India Limited
D) Agricultural Insurance Company of India Limited
Correct Answer: Agricultural Insurance Company of India Limited
 
896) Consider the following statements
1. Agricultural commodities are the major products that have a large share of the commodities traded in the commodity futures market.
2. The commodity futures market facilitates the price discovery process and provides a platform for price risk management in commodities.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
897) Consider the following statements about Indian Agriculture
1. The area under foodgrains has declined in the last two decades.
2. The average farm size in the country is very small and declining over the years.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
898) The Green Revolution in India has contributed to
A) inter-regional inequality
B) inter-class inequality
C) inter-crop inequality
D) All of the above
Correct Answer: All of the above
   
899) Consider the following statements about NABARD
1. NABARD can accept the short-term deposits from public.
2. NABARD depends on the general line of credit received from the Reserve Bank of India to finance the agricultural credits.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
900) Consider the following statements about the different seed production cycles
1. Breeder seed is the primary stage of the seed production cycle.
2. Certified seed is the secondary stage of the seed production cycle.
3. Foundation seeds are produced and distributed to all farmers and regions.
Which of the statements given above is/are correct?
A) Only 1
B) 1 and 2
C) 1 and 3
D) All of these
Correct Answer: Only 1