MCQ Question on Annuity Scheme CIL 2020 Mock test -2

1. Why are coal companies moving towards outsourcing mode?
A) To increase employment opportunities
B) To reduce costs and become more competitive
C) To increase the number of projects
D) To improve the quality of coal

Answer: B) To reduce costs and become more competitive

2. What is the purpose of the annuity scheme?
A) To provide employment opportunities to affected families
B) To provide a one-time monetary compensation to affected families
C) To provide a sustainable resource of livelihood to affected families in lieu of employment
D) To increase the cost of land acquisition

Answer: C) To provide a sustainable resource of livelihood to affected families in lieu of employment

3. Who is eligible for the annuity scheme?
A) Only landowners who have lost land due to coal mining projects
B) All affected families who have opted for annuity and forgone job benefits or one-time monetary compensation
C) Only unskilled workers who have lost employment due to outsourcing of projects
D) None of the above

Answer: B) All affected families who have opted for annuity and forgone job benefits or one-time monetary compensation

4. What is the legal basis for the annuity scheme?
A) The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
B) The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006
C) The Minimum Wages Act, 1948
D) None of the above

Answer: A) The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013

5. What are the options available to affected families under the RFCTLARR Act, 2013?
A) Employment in the project or a one-time payment of Rs 5 lakhs
B) Annuity policies that pay not less than Rs 2,000 per month per family for 20 years
C) Both A and B
D) None of the above

Answer: C) Both A and B

6. Who can opt for annuity in lieu of job/employment or one-time monetary compensation?
A) Only landowners
B) Only affected families who have lost land due to coal mining projects
C) All categories of beneficiaries mentioned in the scheme
D) None of the above

Answer: C) All categories of beneficiaries mentioned in the scheme

7. What is the minimum annuity amount per month per family?
A) Rs 1,000
B) Rs 2,000
C) Rs 3,000
D) Rs 5,000

Answer: B) Rs 2,000

8. For how long will the annuity be paid?
A) 10 years
B) 20 years
C) Lifetime of the affected family member
D) 30 years

Answer: B) 20 years

9. Who will certify that an affected family is a non-title holder whose primary source of livelihood was dependent on the land acquired?
A) Project authority
B) State Government authorities
C) District Authority
D) None of the above

Answer: B) State Government authorities

10. What is the purpose of indexation to the CPI for Agricultural Labourers?
A) To reduce the annuity amount
B) To increase the annuity amount
C) To maintain the purchasing power of the annuity amount
D) None of the above

Answer: C) To maintain the purchasing power of the annuity amount

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