1) 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.
a. Only 1
b. Only 2
c. Both
d. None
|
Answer
Explanation
|
ANSWER: None
Explanation:
-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.
|
|
2) Which agency is responsible for compilation of Index of Industrial Production (IIP)?
a. Finance ministry
b. Ministry of commerce & industries
c. CSO
d. All the above
|
Answer
Explanation
|
ANSWER: CSO
Explanation:
- 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.
|
|
3) Index of Industrial Production (IIP) is produced by -
a. Planning commission now Niti Aayog
b. Ministry Of The Commerce And Industry
c. Ministry of Finance
d. Central Statistical Organization
|
Answer
Explanation
|
ANSWER: Central Statistical Organization
Explanation:
- 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 Organization (CSO) six weeks after the reference month ends.
|
|
4) Consider the following statements related to IIP
1. IIP is calculated monthly by central statatstical organization
2. Manfacturing, electricity and mining are components of IIP.
3. The base year for calculating IIP is 2004-2005.
Which of the above statements are correct?
a. 1,3
b. 1,2
c. 2,3
d. All
|
Answer
Explanation
|
ANSWER: All
Explanation:
No explanation is available for this question!
|
|
