Rural Credit MCQ Quiz in मल्याळम - Objective Question with Answer for Rural Credit - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക

The correct answer is 5%.

Key Points 

• Pradhan Mantri Fasal Bima Yojana (PMFBY) became operational in Kharif 2016.
• A total of 18 companies are involved in PMFBY.
• Insurance companies have to pay 12% interest rates per annum for delays in settlement claims.
• Premium subsidy sharing pattern:
• Centre and north Easter states: 90:10
• Remaining states: 50:50.
• Premium rates:

 

Season	Crops	Maximum Insurance Charges payable by the farmer (% of sum insured)
Kharif	All food grain and oilseeds (All cereals, millets and oilseeds, and pulses)	2.0% of SI or actual rate, whichever is less
Rabi	All food grain and oilseeds (All cereals, millets and oilseeds, and pulses)	1.5% of SI or actual rate, whichever is less
Kharif and Rabi	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less
	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less

A total of 18 Insurance companies help in PMFBY Scheme. They are 1) Agriculture Insurance company, 2) Bajaj Allianz General Insurance Co.ltd, 3) Bharati Axa General Insurance company Ltd., 4) Cholamandalam Ms General Insurance Company Ltd., 5) Future General India Insurance Co. Ltd., 6) HDFC Ergo General Insurance Co. Ltd., 7) ICICI Lombard General Insurance Co. Ltd., 8) IFFCO Tokio General Insurance Co. Ltd., 9) National Insurance Company Ltd., 10) New India Assurance Company, 11) Oriental Insurance, 12) Reliance General Insurance Co. Ltd., 13) Royal Sundaram General Insurance Co. Limited., 14) SBI General Insurance, 15) Shriram General Insurance Co. Ltd., 16) TATA AIG General Insurance Co. Ltd., 17) United India Insurance Co. and 18) Universal Sompo General Insurance Company.

The correct answer is 2%.

• Pradhan Mantri Fasal Bima Yojana (PMFBY) announced in Kharif 2016, provides the risk of loss of yield to standing crop (sowing to harvesting).
• There are total 18 insurance companies involved in PMFBY.
• Post harvest losses covered under PMFBY 14 days from date of harvesting.
• Insurance companies has to pay 12% intersest rate per annum for delay in settlement claims.
• Premium subsidy sharing pattern: Centre and north Easter states 90:10 and remaining states 50:50.

 

• Premium rates:

Season	Crops	Maximum Insurance Charges payable by farmer (% of sum insured)
Kharif	All food grain and oilseeds (All cereals, millets and oilseeds and pulses)	2.0% of SI or actual rate, whichever is less
Rabi	All food grain and oilseeds (All cereals, millets and oilseeds and pulses)	1.5% of SI or actual rate, whichever is less
Kharif and Rabi	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less
	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less

 

Implementation of Agriculture Export Policy Scheme 2018, central government has approved a sum of Rs.206.8 Crore that aims to double farmers income by the year 2022, the first ever policy for agricultural exports, the cabinet also decided to give high value, value added and perishable products a special reference. It seeks to diversify exports by products and destination and focuses on high value added farm produce and perishables.

The correct answer is Banking Regulation Act of 1949.

• As per the Banking Regulation Act 1949, National Bank for Agriculture and Rural Development (NABARD) has to conduct Inspections of Regional Rural Bank (RRB), State Co-operative Banks and District Central Co-operative Banks.
• In addition to this, NABARD also conducts periodic inspections of state level cooperative institutions like State Cooperative Agriculture and Rural Development Banks (SCARDBs), Marketing federations.
• NABARD established in 12 July 1982 provides credit and other facilities for the promotion and development of agriculture, small scale industries, village industries with a view to promote rural development.

The correct answer 2016.

• Pradhan Mantri Fasal Bima Yojana (PMFBY) became operational in Kharif 2016.
• Total 18 companies are involved in PMFBY.
• Insurance companies have to pay 12% interest rates per annum for delay in settlement claims.
• Premium subsidy sharing pattern: Centre and north Easter states 90:10 and remaining states 50:50.

 

• Premium rates:

Season	Crops	Maximum Insurance Charges payable by farmer (% of sum insured)
Kharif	All food grain and oilseeds (All cereals, millets and oilseeds and pulses)	2.0% of SI or actual rate, whichever is less
Rabi	All food grain and oilseeds (All cereals, millets and oilseeds and pulses)	1.5% of SI or actual rate, whichever is less
Kharif and Rabi	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less
	Annual commercial/Annual horticultural crops	5.0% of SI or actual rate, whichever is less

The correct answer is 6.9%

• Kisan Vikas Patra (KVP) scheme first launched in 1988 by India post and closed in 2011 but re-launched in 2014.
• 6.9% interest rate is given and amount invested doubles in 10 years and 4 months.
• Minimum amount required is Rs.1000 and multiples of Rs.100 with no maximum limit.
• Kisan Vikas Patra will be issued in the shape of passbook from 1 July, 2016.
• Certificates can be encashed after 2 and 1/2 years from the date of issue.

the Pradhan Mantri Fasal Bima Yojana was launched on 18^th of February by the Prime Minister Narendra Modi. It is an Insurance service for the farmers for their yields. It was formulated in line with one nation one scheme by replacing earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS). 

The correct answer is Swarnajayanti Gram Swarojgar Yojana.

• The DAY-NRLM is a poverty relief programme of the Central government.

• It was launched as ‘Aajeevika – National Rural Livelihoods Mission (NRLM)’ by the GOI’s Ministry of Rural Development in the year 2011.

• It was renamed as DAY-NRLM in 2015.

• It is an improved version of the earlier Swarnjayanti Gram Swarozgar Yojana (SGSY).

• This program is supported by World Bank.

• NRLM aims to reduce poverty by enabling the poor household to access gainful self employment and skilled wage employment opportunity resulting in a sustainable livelihood.

The correct answer is ​Ministry of Food Processing and Industries.

• This scheme was launched in 2016 and implemented by ​Ministry of Food Processing and Industries.
• SAMPADA means Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters.
• Objective of this scheme is creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
• Total budget outlay of this scheme is 6000 Crore (2016-20).
• Total 7 schemes are implemented under PM SAMPADA scheme.