Consider the following statements about new IIP ndash Index of Industrial Production ndash Series 1 ...........

Economic Affairs Industrial sectors

Consider the following statements about new IIP – Index of Industrial Production – Series.

1. The new series of IIP will include 809 manufacturing products and 55 mining products that are re-grouped into 521 item groups.

2. The new series of IIP will include technology items like smart phones, tablets, LED television etc.

3. The base year has been changed from 2004-05 to 2011-12.

Which of the above statements is/are correct?

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

The new series of IIP will include 809 manufacturing products and 55 mining products that are re-grouped into 521 item groups. The new series of IIP will include technology items like smart phones, tablets, LED television etc. A technical review committee has also been established to identify new items by ensuring that the series remains relevant. The committee is slated to meet at least once a year. The base year has been changed to 2011-12.