General Economics & Indian Economy - GS questions based on daily current affairs for Q. 12236
Q. Which of the following statements is/are correct about Index of Industrial Production (IIP)?
1. IIP is compiled and published annually by the Central Statistical Organisation (CSO).
2. The base year of IIP is 2009-10.- Published on 28 Sep 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: None
-IIP is compiled and published monthly by the Central Statistical Organization (CSO) six weeks after the reference month ends.
- 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 committee led by former Planning Commission member Saumitra Chaudhuri has recommended the base year of IIP to be revised from 2004-05 to 2011-12. The existing series replaced their earlier indices, which had 1993-94 as base year, from July 2011 onwards.
