New All India SEBI Grade A Scholarship Test on June 11, 2023
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Question

Max premium payable by farmer for the rabi season cover all food grains and oilseeds crops (Cereals, Millets, Pulses etc) is  

A 2.5% of sum insured and actual rate whichever is less Correct Answer Incorrect Answer
B 2.0% of sum insured and actual rate whichever is less Correct Answer Incorrect Answer
C 1.5% of sum insured and actual rate whichever is less Correct Answer Incorrect Answer
D 5% of sum insured and actual rate whichever is less Correct Answer Incorrect Answer
E 3% of sum insured and actual rate whichever is less Correct Answer Incorrect Answer

Solution

1.5% of sum insured and actual rate whichever is less , Uder PMFBY For Kharif- 2%, For Rabi 1.5% and for annual commercial or horticultural crops 5%

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