Recently Index of Industrial Production output in India has contracted to 0 1 in June 2017 Arrange t...........

Economic Affairs Industrial sectors

Recently, Index of Industrial Production output in India has contracted to 0.1% in June 2017. Arrange the following core sectors in the decreasing order of their weightage in calculation of IIP.

1. Electricity

2. Refinery products

3. Steel

4. Fertiliser

Choose the correct alternative:

1, 2, 3 and 4

1, 3, 2 and 4

3, 1, 2 and 4

3, 2, 1 and 4

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Explanation:

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 chosen base period. Central Statistical Organisation under Ministry of Statistics and Programme Implementation compile it and publishes it on monthly basis. The revised base year for IIP is 2011-12. The decreasing order of weightage of core industries in IIP is Electricity > Steel > Refinery Products > Crude > Coal > Cement > Natural Gas > Fertiliser.