1
Question
Consider the following statements regarding IIP:-
Which of the statement(s) given above is/are correct?
Consider the following statements regarding IIP:-
Which of the statement(s) given above is/are correct?
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Solution
The correct option is A 1 only
1 only. The IIP is an abstract number or ratio which measures growth of various sectors in the economy. It is most up to date indicator of Industrial growth prepared by CSO not (NSSO).
In India IIP is a representative figure which measures the general level of Industrial activity in the country. Being an abstract number, it does not show volume of activity and only shows magnitude which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time . Therefore here only first statement is correct.
1 only
1 only. The IIP is an abstract number or ratio which measures growth of various sectors in the economy. It is most up to date indicator of Industrial growth prepared by CSO not (NSSO).
In India IIP is a representative figure which measures the general level of Industrial activity in the country. Being an abstract number, it does not show volume of activity and only shows magnitude which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time . Therefore here only first statement is correct.
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