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Question

Consider the following statements about the Core Industries:

Which of the above statement(s) is/are incorrect?


A

Only 1&2

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B

Only 2 &3

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C

Only 1 &3

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D

None of these

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Solution

The correct option is A

Only 1&2


The Office of the Economic Adviser compiles and releases the Index of Eight Core Industries. The Eight Core Industries are Coal, Cement, Electricity, Crude Oil, and Refinery products, Steel, Fertilizers and Natural Gas. Office of the Economic Adviser (OEA) is an attached office of the Ministry of Commerce & Industry.

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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