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    Question

    The Index of Industrial Production (IIP) is released monthly by which of the following organization?

    A National statistical Office (NSO) Correct Answer Incorrect Answer
    B Department for promotion of Industry and Internal trade. Correct Answer Incorrect Answer
    C Department of Revenue Correct Answer Incorrect Answer
    D NITI Aayog Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Index of industrial production (IIP) is released monthly by NSO -: It is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period. It is based on Core Industries (weighing 38%) and other industries. There are eight Core Industries in India (with the Base: 2011-12=100). They together have a combined weight of 37.90% in the IIP. It includes 3 types of sectors: Manufacturing, Mining and Utility.

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