GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Crop Insurance is the monopoly of
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National Insurance Company
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General Insurance Company
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Life Insurance Corporation
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NABARD
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Explanation:
Detailed explanation-1: -Issue: Crop insurance is an important risk management tool available to farmers and ranchers to help protect them against declines in crop yields and/or revenue. Crop insurance is divided into two categories, the federally subsidized multiple-peril crop insurance and the state-regulated private crop insurance.
Detailed explanation-2: -The first crop insurance program was introduced in 1972-73 by the ‘General Insurance’ Department of Life Insurance Corporation of India on H-4 cotton in Gujarat.
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