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      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┬а III) Manufacturing┬а 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.

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