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With reference to the new series of the Index of Industrial Production (IIP), which of the following statements is correct?
  • a)
    Electricity generation from renewable sources are not included in the Electricity generation data.
  • b)
    Coal Production has the highest weightage among the core industries.
  • c)
    Natural gas is not among the eight core industries on the index.
  • d)
    Petroleum Refinery product has the highest weightage among the core industries. 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
With reference to the new series of the Index of Industrial Production...
Option a is incorrect data on electricity generation figures from renewable sources is included in the Electricity generation data to calculate IIP.
Option b is incorrect and option d is correct: Petroleum Refinery Products (weight: 28.04 per cent) has the highest weightage.
Option c is incorrect: Natural gas is among the eight core industries on the index. 
8 core industries in IIP are:
1. Coal production (weight: 10.33 per cent)
2. Crude Oil production (weight: 8.98 per cent)
3. Natural Gas production (weight: 6.88 per cent)
4. Petroleum Refinery Products (weight: 28.04 per cent)
5. Fertilizers production (weight: 2.63 per cent)
6. Steel production (weight: 17.92 per cent)
7. Cement production (weight: 5.37 per cent)
8. Cement production (weight: 5.37 per cent)
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With reference to the new series of the Index of Industrial Production (IIP), which of the following statements is correct?a)Electricity generation from renewable sources are not included in the Electricity generation data.b)Coal Production has the highest weightage among the core industries.c)Natural gas is not among the eight core industries on the index.d)Petroleum Refinery product has the highest weightage among the core industries.Correct answer is option 'D'. Can you explain this answer?
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With reference to the new series of the Index of Industrial Production (IIP), which of the following statements is correct?a)Electricity generation from renewable sources are not included in the Electricity generation data.b)Coal Production has the highest weightage among the core industries.c)Natural gas is not among the eight core industries on the index.d)Petroleum Refinery product has the highest weightage among the core industries.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the new series of the Index of Industrial Production (IIP), which of the following statements is correct?a)Electricity generation from renewable sources are not included in the Electricity generation data.b)Coal Production has the highest weightage among the core industries.c)Natural gas is not among the eight core industries on the index.d)Petroleum Refinery product has the highest weightage among the core industries.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the new series of the Index of Industrial Production (IIP), which of the following statements is correct?a)Electricity generation from renewable sources are not included in the Electricity generation data.b)Coal Production has the highest weightage among the core industries.c)Natural gas is not among the eight core industries on the index.d)Petroleum Refinery product has the highest weightage among the core industries.Correct answer is option 'D'. Can you explain this answer?.
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