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      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

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