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As a premium, what percent of sum insured have to be paid by the farmers for all the Kharif crops under PMFBY?
Question

As a premium, what percent of sum insured have to be paid by the farmers for all the Kharif crops under PMFBY?

A.

2.5 percent

B.

2.0 percent

C.

1.5 percent

D.

1.0 percent

Correct option is B


· Correct answer: (b) 2.0 percent
· Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers are required to pay 2.0 percent of the sum insured as the premium for Kharif crops.
Other options:
· (a) 2.5 percent: Incorrect, as it is higher than the actual required premium.
· (c) 1.5 percent: Incorrect, as it is lower than the premium set under PMFBY.
· (d) 1.0 percent: Incorrect, as it is also lower than the actual premium required.

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