Which of the following is NOT a component of the Index of Industrial Production (IIP) in India? MCQ with Answer and Explanation

Which of the following is NOT a component of the Index of Industrial Production (IIP) in India?
A. Electricity
B. Manufacturing
C. Mining
D. Agriculture
Answer: Option D
Solution (By JKSSB Mock Tests)
The IIP covers mining, manufacturing and electricity sectors. Agriculture is measured separately through other indices and production estimates.

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Practice More Economy Set 1 Questions

Question #1
In the context of banking, the 'Net Stable Funding Ratio' under Basel III is designed to:
A. Determine capital adequacy only
B. Ensure that banks maintain a stable funding profile over a one-year horizon
C. Measure only short-term liquidity over 30 days
D. Set the repo rate

Correct Answer: Option B


Explanation:
The Net Stable Funding Ratio (NSFR) requires banks to maintain a stable funding profile in relation to their on- and off-balance-sheet activities over a one-year time horizon.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Green New Deal' type of policy proposals?
A. Only market-based carbon pricing without public investment
B. Large-scale public investment programmes aimed at simultaneously addressing climate change, economic inequality and job creation
C. Only voluntary private-sector initiatives
D. Only austerity measures

Correct Answer: Option B


Explanation:
Green New Deal proposals typically combine ambitious climate targets with large public investment in clean energy and infrastructure, together with social policies intended to ensure a just transition.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Original Sin' in international finance refers to:
A. The sin of high fiscal deficits
B. The inability of many emerging-market countries to borrow abroad in their own currency
C. Only the problem of domestic debt
D. The original accumulation of capital

Correct Answer: Option B


Explanation:
Original sin describes the situation in which most countries cannot borrow abroad in their own currency, forcing them to denominate external debt in foreign currency and exposing them to currency mismatches.

This question belongs to: Economy GK Economy Set 1