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

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The 'Index of Industrial Production' is released by:

A. NITI Aayog

B. Ministry of Statistics and Programme Implementation

C. RBI

D. Ministry of Finance

Answer: Option B

Solution (By JKSSB Mock Tests)

IIP is released by the Ministry of Statistics and Programme Implementation.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on municipal services is:

A. 5%

B. 0%

C. exempt for basic municipal services

D. 18%

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Correct Answer: Option C

Explanation:
Basic municipal services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Economic Census' is conducted by:

A. Ministry of Statistics and Programme Implementation

B. RBI

C. SEBI

D. NITI Aayog

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Correct Answer: Option A

Explanation:
Economic Census is conducted by MoSPI.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Shadow Banking' refers to:

A. Credit intermediation involving entities and activities outside the regular banking system

B. Only the activities of commercial banks

C. Only central-bank operations

D. Only informal moneylenders in rural areas

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Correct Answer: Option A

Explanation:
Shadow banking comprises non-bank financial intermediaries and activities that perform bank-like functions—maturity, credit and liquidity transformation—but operate with less regulation and without direct access to central-bank liquidity.

This question belongs to: Economy GK Economy Set 1

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