Index of Industrial Production — Prelims Questions

With reference to the Index of Industrial Production (IIP) in India, consider the following statements: 1. The current base year for IIP is 2017-18 2. Manufacturing sector has the highest weight in IIP calculation 3. IIP data is released quarterly by the Central Statistics Office 4. Mining sector weight in IIP is higher than electricity sector weight Which of the statements given above are correct?

The Index of Industrial Production (IIP) uses which of the following formula for calculation?

Consider the following statements about the use-based classification in Index of Industrial Production: 1. Basic Goods have the highest weight in use-based classification 2. Capital Goods weight is higher than Consumer Durables weight 3. Infrastructure/Construction Goods are separately classified 4. Consumer Non-Durables have the lowest weight among all categories Which of the statements given above are correct?

Which of the following best explains why IIP is considered a 'leading indicator' of economic activity?

In the context of IIP calculation, what does the term 'provisional estimates' refer to?