BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reducing risk by a farmer would most likely be associated with which of the following:
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Expanding the size of their specialty operation
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Hiring more labor
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Adding a new enterprise to the operation
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Purchasing more inputs
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Explanation:
Detailed explanation-1: -Four insurance schemes are being implemented namely, Pradhan Mantri Fasal Bima Yojana (PMFBY), Weather Based Crop Insurance Scheme (WBCIS), Coconut Palm Insurance Scheme (CPIS) and Pilot Unified Package Insurance Scheme (UPIS) (45 districts).
Detailed explanation-2: -Market risks largely focus on uncertainty with prices, costs, and market access. Sources of volatility in agricultural commodity prices include weather shocks and their effects on yields, energy price shocks and asymmetric access to information are additional sources of market risk.
There is 1 question to complete.