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Consider the following statements:
Statement-I:
The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.
The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.
Statement-II:
In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.
In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Statement-I is correct, but Statement-II is incorrect
- c)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I:The PMFBY scheme covers ...
Statement-I correctly reflects the eligibility criteria for farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY), where all farmers growing notified crops in a notified area during the season with insurable interest are covered. This aligns with the objectives of the scheme to provide insurance coverage and financial support to farmers in case of crop failure due to natural calamities.
However, Statement-II inaccurately states that in FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance. The correct data from the provided text indicates that the gross direct premium underwritten actually declined by 4.17% to Rs 30,677 crore from Rs 32,011 crore in the previous year. This decline does not necessarily reflect a decrease in government efforts to expand crop insurance coverage, as other factors could have influenced the decrease in premium underwritten.
Therefore, Statement-I is correct as per the information provided, while Statement-II is incorrect based on the actual data presented in the text.
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Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:The PMFBY scheme covers all farmers growing notified crops in a notified area during the season who have insurable interest in the crop.Statement-II:In FY24, the gross direct premium underwritten for crop insurance declined despite government efforts to expand farm sector insurance.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Statement-I is correct, but Statement-II is incorrectc)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Id)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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