With reference to 'Pradhan Mantri Fasal Bima Yojana', consider the following statements:1.Under this scheme, farmers will have to pay a uniform premium of two percent for any crop they cultivate in any season of the year.2.This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.Which of the statements given above is/are correct?

1. A

   1 only

   Statement 1 only. PMFBY does not charge a flat 2 per cent on every crop in every season. Kharif foodgrains/oilseeds were about 2 per cent, rabi about 1.5 per cent, and annual commercial/horticultural crops about 5 per cent. 1 is false.

2. B

   2 only

   Statement 2 only. The scheme covers specified post-harvest losses from cyclones and unseasonal rains (cut-and-spread produce in the field, within a notified window). Premiums are not uniform at 2 per cent. That stored letter is the official key.

3. C

   Both 1 and 2

   Both. Because the uniform 2 per cent claim fails, both cannot be the key.

4. D

   Neither 1 nor 2

   Neither. Post-harvest cyclone/unseasonal-rain cover is a real PMFBY feature, so ‘neither’ is not the key.

Summary. Official key is (b) 2 only. Pradhan Mantri Fasal Bima Yojana uses crop-and-season-wise farmer premiums, not one 2 per cent rate for all. It does cover specified post-harvest losses from cyclone and unseasonal rain. Honour the stored letter (b).