With reference to Index of Industrial Production(IIP), consider the following statements: 1. It is compiled and published weekly by the Ministry of Statistics and Programme Implementation. 2. The CSO had revised the base year of the IIP from 2004-05 to 2011-12. 3. It covers 407 item groups included into 3 categories viz. Manufacturing, Mining and Electricity. Which of the above statements is/are correct?

1 and 3 only
2 and 3 only
2 only
1, 2 and 3

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : 2 and 3 only

The correct answer is 2 and 3 only

The 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.
It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation. Hence, Statement 1 is NOT correct.
The CSO had revised the base year of the IIP from 2004-05 to 2011-12 in May 2017 to capture structural changes in the economy.

The eight core sector industries represent about 40% of the weight of items that are included in the IIP.
The eight core industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
It covers 407 item groups included into 3 categories viz. Manufacturing, Mining and Electricity.

4 views Answered 2022-09-04 04:29

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