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Consider the following statements about Index of Industrial Production (IIP 
1. It is released monthly by Central Statistical Organisation (CSO)
2. It shows the volume of industrial activity.
Q. Which of the statements given above is/are correct ?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements about Index of Industrial Production...
IIP or the index of industrial production is the number denoting the condition of industrial production during a certain period (month for eg.). It does not show the volume of industrial activity but only its growth with respect to a reference period. As IIP shows the status of industrial activity, one can find out if the industrial activity has increased, decreased or remained same.
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Consider the following statements about Index of Industrial Production (IIP1. It is released monthly by Central Statistical Organisation (CSO)2. It shows the volume of industrial activity.Q. Which of the statements given above is/are correct ?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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