The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production? MCQ with Answer and Explanation

The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production?
A. 80%
B. 40%
C. 60%
D. 20%
Answer: Option B
Solution (By JKSSB Mock Tests)
The eight core industries have a combined weight of about 40.27% in the Index of Industrial Production.

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Practice More Economy Set 1 Questions

Question #1
The 'Bank for International Settlements' headquarters is in:
A. Geneva
B. Zurich
C. London
D. Basel

Correct Answer: Option D


Explanation:
BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of globalisation in the economic sense?
A. Complete ban on cross-border capital flows
B. Increasing isolation of national economies
C. Only cultural exchange without economic linkages
D. Increasing integration of national economies through trade, investment and technology

Correct Answer: Option D


Explanation:
Economic globalisation refers to the growing interdependence of national economies through the expansion of cross-border trade, capital flows, technology transfer and information exchange.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a cause of cost-push inflation?
A. Increase in aggregate demand
B. Increase in wages and raw material costs
C. Increase in money supply
D. Increase in government spending

Correct Answer: Option B


Explanation:
Cost-push inflation arises when the cost of production increases due to higher wages, raw material prices or other input costs, leading to higher prices.

This question belongs to: Economy GK Economy Set 1