Consider the following statements about the Index of Industrial Production (IIP) in India:
1.The IIP is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.
2.The IIP is compiled and published monthly by the National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation.
3.Mining and manufacturing is part of the index.
Which of the statements given above is/are correct?
IIP is an indicator that measures the changes in the volume of production of industrial products during a given period. Hence, statement 1 is correct. It is a composite indicator that measures the growth rate of industry groups classified under: Broad sectors, namely, Mining, Manufacturing, and Electricity. Use-based sectors, namely Basic Goods, Capital Goods, and Intermediate Goods. It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation. Hence, statement 2 is correct.
The present average age of ‘X’ and ‘Y’ is 16 years, present average age of ‘X’ and ‘Z’ is 56 years and present average age of ‘Y’ an...
At the time of 'Binny's birth, the age of 'Ankush' was twice the present age of 'Binny'. Fourteen years from now, if the ratio of their ages is 25:13, f...
Sum of the present ages of A, B, C and D is 60 years. After 6 years ratio of their ages is 6:5:5:4. What is C’s present age?
The total age of A, B and C seven years hence will be 85 years. Find the age of C seven years hence, if the present age of A and B is 30 years and 22 ye...
Mahesh said to his son, “At the time of your birth” I was as old as you are at present. If the Mahesh’s age is 42 years now then what will be the ...
A certain sum of money becomes 4 times of itself in 15 years at simple interest. In how many years does it become double of itself at the same rate of s...
10 years ago, the ratio of the ages of Maya and Neil was 4:3. The present age of Jake is 10 years more than one-fourth of Neil’s present age. Find the...
At the time of their marriage, the ratio between the ages of Reena and Rahul was 9:10 respectively. After ‘y’ years of their marriage, a daughter wi...
Twelve years ago, the average age of a family having four members (father, mother, son and daughter) is (y-2) years. The ratio between the present ages ...
Present age of ‘A’ is 40% more than that of ‘B’. If 11 years hence from now, ‘B’ will be 5 years younger than ‘A’, then find the sum of ...