Economics · Economy
With reference to agricultural crop insurance, consider the following statements: 1. It protects farmers from financial losses due to crop failure. 2. It reduces financial risks associated with natural disasters. 3. It guarantees high profit to farmers in every agricultural season. Which of the statements given above are correct?
- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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