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Question

Q. Arrange the following sectors according to the decreasing order of their weightage within the IIP.

Select the correct answer using the code below:


A
1-2-3
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B
2-3-1
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C
2-1-3
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D
3-2-1
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Solution

The correct option is C 2-1-3

Explanation:

  • The Index of Industrial Production (IIP) is a composite indicator to assess the performance of various industrial sectors of the Indian economy.
  • It is released by the National Statistical Office (NSO). The index is currently calculated using 2011-2012 as the base year.
  • The weightage of Manufacturing, Mining, and Electricity production in the overall Index of Industrial Production (IIP) is 77.63 per cent, 14.37 per cent, and 7.99 per cent respectively.

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