Question

Which of the following is NOT a key objective of PMFBY?

• A. Providing a guaranteed minimum support price (MSP) for the insured crop.
• B. Ensuring immediate and full compensation for crop losses due to natural calamities.
• C. Reducing the insurance premium burden on farmers.
• D. Encouraging farmers to adopt modern agricultural practices.

Answer 1

Answer:

A. Providing a guaranteed minimum support price (MSP) for the insured crop.

• PMFBY's focus is on insurance and risk mitigation, not on price support. Minimum Support Price (MSP) is a separate policy of the government for procurement.