The 'Index of Industrial Production' in India is released by: MCQ with Answer and Explanation

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The 'Index of Industrial Production' in India is released by:

A. Ministry of Finance

B. NITI Aayog

C. Ministry of Statistics and Programme Implementation

D. RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

IIP is released by MoSPI.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Mega Food Park' scheme aims to:

A. reduce food production

B. promote raw exports only

C. create modern food processing infrastructure

D. increase food imports

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Correct Answer: Option C

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a type of cost in the short run?

A. Sunk cost as the only long-run cost

B. Fixed cost

C. Variable cost

D. Total cost

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Correct Answer: Option A

Explanation:
In the short run, costs are classified as fixed, variable and total. Sunk costs are costs that have already been incurred and cannot be recovered, relevant in both short and long run decisions.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Pradhan Mantri Ujjwala Yojana' was launched in:

A. 2014

B. 2017

C. 2018

D. 2016

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Correct Answer: Option D

Explanation:
PMUY was launched in 2016.

This question belongs to: Economy GK Economy Set 1

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