SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    Consider the following:
    1. Agriculture Insurance Company of India Limited was set up in 2002-03.
    2. It is promoted by NABARD, GIC and its subsidiaries. Which of these statements is/are correct?

    A)  Only 1 

    B)  Only 2

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: C

    Solution :

    [c] AIC aims to provide insurance coverage and financial support to the farmers in the failure of any of the notified crop as a result of natural calamities, pests and diseases to restore their creditworthiness for the ensuing season; to encourage the farmers to adopt progressive farming practices, high value in-puts and higher technology; to help stabilize farm incomes, particularly in disaster years.

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