MCQ Question on Annuity Policy of CIL
1. What is the primary purpose of the CIL Annuity Scheme, 2020?
A) To provide employment opportunities to affected families
B) To offer a one-time monetary compensation against land acquisition
C) To provide a sustainable cash flow to affected families in lieu of employment or one-time monetary compensation
D) To reduce the overall cost to the company
Answer: C) To provide a sustainable cash flow to affected families in lieu of employment or one-time monetary compensation
2. 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
3. What is the minimum annuity amount per month for a landowner?
A) Rs 1,000
B) Rs 2,000
C) Rs 3,000
D) Rs 5,000
Answer: B) Rs 2,000
4. What is the incremental growth on the annuity amount?
A) 0.5%
B) 1%
C) 2%
D) 5%
Answer: B) 1%
5. What is the alternative to the annuity amount based on the Consumer Price Index for Agricultural Labourers?
A) Annual indexation to the Consumer Price Index for Agricultural Labourers over Rs 1,000
B) Annual indexation to the Consumer Price Index for Agricultural Labourers over Rs 2,000
C) Annual indexation to the Consumer Price Index for Agricultural Labourers over Rs 3,000
D) Annual indexation to the Consumer Price Index for Agricultural Labourers over Rs 5,000
Answer: B) Annual indexation to the Consumer Price Index for Agricultural Labourers over Rs 2,000
6. For how long will the annuity be provided?
A) 10 years
B) 20 years
C) 30 years or life of the project, whichever is higher
D) Lifetime of the affected family member
Answer: C) 30 years or life of the project, whichever is higher
7. Can the subsidiary board modify the increment provision of the annuity?
A) No
B) Yes, with the approval of the Central Government
C) Yes, based on financial viability and prevailing unique conditions of the project
D) Yes, without any conditions
Answer: C) Yes, based on financial viability and prevailing unique conditions of the project
8. What is the annuity amount for an affected family whose land has been acquired and possessed by the company?
A) Rs 20,000 per month
B) Rs 30,000 per month
C) Rs 15,000 per month
D) Rs 25,000 per month
Answer: B) Rs 30,000 per month
9. Who will get Rs 2,000 per month up to the life of the project or 20 years, whichever is higher?
A) Landowner
B) Affected family whose land has been acquired and possessed by the company
C) Non-title holder whose primary source of livelihood was dependent on the land acquired
D) None of the above
Answer: C) Non-title holder whose primary source of livelihood was dependent on the land acquired
10. Is this scheme mandatory for all affected families?
A) Yes
B) No
C) Only for landowners
D) Only for unskilled workers
Answer: B) No
