The 'Index of Industrial Production' covers which sectors? MCQ with Answer and Explanation

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The 'Index of Industrial Production' covers which sectors?

A. Agriculture and forestry

B. Services

C. Only manufacturing

D. Mining, manufacturing and electricity

Answer: Option D

Solution (By JKSSB Mock Tests)

IIP covers mining, manufacturing and electricity.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Availability Heuristic'?

A. People assess the probability of an event by the ease with which instances come to mind

B. Memory has no effect on probability judgments

C. Only statistical frequencies matter

D. People always use base rates correctly

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Correct Answer: Option A

Explanation:
The availability heuristic leads people to judge the likelihood of events by how readily examples can be recalled, which can produce systematic biases when memory is distorted by vividness or recency.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Unified Payments Interface' was launched in which year?

A. 2017

B. 2014

C. 2016

D. 2018

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Correct Answer: Option C

Explanation:
UPI was launched in April 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Census of India' is conducted every how many years?

A. 15

B. 10

C. 5

D. 20

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Correct Answer: Option B

Explanation:
The Census of India is conducted every 10 years.

This question belongs to: Economy GK Economy Set 1

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