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.

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