📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Index of Industrial Production (IIP) is an indicator

    that measures the changes in the volume of production of industrial products during a given period. which of the following are not amongst sectors under IIP I) Mining II) Gas and Water connection  III) Manufacturing  IV) Electricity
    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I, II and III only Correct Answer Incorrect Answer
    D III only Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    IIP is an indicator that measures the changes in the volume of production of industrial products during a given period. It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation. The eight core sector industries represent about 40% of the weight of items that are included in the IIP. The eight core industries in decreasing order of their weightage: Refinery Products > Electricity> Steel > Coal> Crude Oil> Natural Gas> Cement> Fertilizers. It covers 407 item groups included into 3 categories viz. Manufacturing, Mining and Electricity.

    Practice Next
    More Economic and Social Issues ESI Questions

    Relevant for Exams:

    ask-question