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Question

Q. Consider the following statements with regards to the Index of eight Core Industries (ICI):

Select the correct answer using the codes given below:


A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is A 1 only

Explanation:

Statement 1 is correct: Refinery products have the highest weightage under the ICI index. They constitute approx 28% weightage in the ICI.

Statement 2 is incorrect: The 8 industries in the ICI are -Cement, Coal, Crude oil, Electricity, Fertilizers, Natural gas, Refinery products and Steel. Hence electronics and mobile phones manufacturing are not part of the ICI.


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