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.