Multiple Choice Questions

Consider the following statements regarding the Index of Industrial Production IIP It is compiled an...........

Indian Economic System Industry

Consider the following statements regarding the Index of Industrial Production (IIP)

It is compiled and published monthly by the Union Ministry of Commerce and Industries (MoCI).
It is a composite indicator that measures the growth rate of industry groups, calculated on the Base Year of 2015-16.

Select the correct statement.

1 only

2 only

Both

None

None of the above statements are correct.

8 core sectors comprise 40.27% of the weight of items included in the . 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 Organization (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
It is a composite indicator that measures the growth rate of industry groups. Base Year for IIP is 2011-2012.

Hence option 4th is correct.

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