The index used to measure the performance of core sector industries in India is: MCQ with Answer and Explanation

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The index used to measure the performance of core sector industries in India is:

A. Wholesale Price Index

B. Index of Industrial Production

C. Consumer Price Index

D. Purchasing Managers' Index

Answer: Option B

Solution (By JKSSB Mock Tests)

The Index of Industrial Production measures the performance of core sector industries.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'liquidity trap' causes which policy to become ineffective?

A. exchange rate policy

B. trade policy

C. expansionary monetary policy

D. fiscal policy

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Correct Answer: Option C

Explanation:
In a liquidity trap, interest rates are near zero and monetary expansion does not lower rates further, making monetary policy ineffective.

This question belongs to: Economy GK Economy Set 1

Question #2

The apex institution for agricultural and rural credit in India is:

A. RBI

B. NABARD

C. SIDBI

D. EXIM Bank

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Correct Answer: Option B

Explanation:
NABARD is the apex institution for agricultural and rural credit.

This question belongs to: Economy GK Economy Set 1

Question #3

Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:

A. appreciation

B. devaluation

C. depreciation

D. revaluation

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Correct Answer: Option C

Explanation:
A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1

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