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. NITI Aayog

B. Ministry of Finance

C. RBI

D. Ministry of Statistics and Programme Implementation

Answer: Option D

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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Deadweight loss in economics refers to:

A. loss suffered by a monopolist

B. loss of total welfare due to market inefficiency

C. depreciation of capital

D. loss of revenue to the government

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Correct Answer: Option B

Explanation:
Deadweight loss is the loss of economic welfare due to inefficiency such as taxes, price controls or monopoly.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Agreement on Agriculture' under WTO covers:

A. industrial subsidies

B. intellectual property

C. domestic support, market access and export subsidies in agriculture

D. banking regulation

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Correct Answer: Option C

Explanation:
The WTO Agreement on Agriculture covers domestic support, market access and export subsidies.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'demographic transition' refers to changes in:

A. income distribution

B. birth and death rates

C. inflation

D. exchange rates

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Correct Answer: Option B

Explanation:
Demographic transition refers to shifts in birth and death rates as an economy develops.

This question belongs to: Economy GK Economy Set 1

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