Multiple Choice Questions on To which sector is maximam weightage assigned in the index of industrial production IIP ........ for MPPCS Exam Preparation

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Indian Economic System(MPPCS)

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Indian Economy - Understanding the basics of Indian economic system

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    To which sector is maximam weightage assigned in the index of industrial production(IIP)?

    Manufacturing

    Incorrect Answer

    Mining and Quarrying

    Correct Answer

    Electricity

    Incorrect Answer

    All are equal

    Incorrect Answer
    Explanation:
    Mining and quarrying sector is maximum weight age assigned in the index of industrial production.
    The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy such as mining, electricity and manufacturing. The all India IIP 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 compiled and published monthly by the Central Statistical Organisation (CSO) six weeks after the reference month ends.
     

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