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
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Answer
Explanation
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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.
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2) India’s IIP for November contracted how much while CPI for December rose to 5.6%?
a. 3.1%
b. 3.2%
c. 3.3%
d. 3.4%
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Answer
Explanation
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ANSWER: 3.2%
Explanation:
India’s Index of Industrial Production for the month of November has fallen by 3.2% as against 9.8% in October while CPI has risen for the month of December to 5.6% compared to 5.41 percent for November. As per the CNBC TV 18 poll, CPI has come to around 5.5% while consensus was expecting IIP to come down to levels of 1.8 to 2 percent.
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3) Index of industrial production for October 2015 stood at what percentage in an increase from the 4 month low in September?
a. 9.5%
b. 9.8%
c. 10.2%
d. 10.5%
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Answer
Explanation
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ANSWER: 9.8%
Explanation:
From the 4 month low touched in September, the index of industrial production stood at 9.8 percent as against 3.6 percent month-on-month. Higher than expected figure was due to re festive ramp up and growth in mining as well as electricity and favourable base. October IIP figure comes in conjunction with the November reading . Electricity generated expanded 9 percent and the mining sector grew to 4.7 percent. General index for October 2015 was pegged at 181.3 that is 9.8 percent higher compared with October 2014.
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4) 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
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Answer
Explanation
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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.
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5) 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
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Answer
Explanation
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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.
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6) 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
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Answer
Explanation
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ANSWER: All
Explanation:
No explanation is available for this question!
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