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The base year for the calculation of all-India Index of Industrial Production (IIP) is:
  • a)
    2004-05
  • b)
    2005-06
  • c)
    2010-11
  • d)
    2011-12
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The base year for the calculation of all-India Index of Industrial Pro...
The CSO had revised the base year of the IIP from 2004-05 to 2011-12 in May 2017 to capturestructural changes in economy and improves quality and representativeness of indices. The revised IIP(2011-12) reflects the changes in industrial sector and also aligns it with base year of othermacroeconomic indicators like Wholesale Price Index (WPI) and Gross Domestic Product (GDP).
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The base year for the calculation of all-India Index of Industrial Pro...
Base Year for All-India Index of Industrial Production (IIP)
The base year for the calculation of the All-India Index of Industrial Production (IIP) is 2011-12. This means that the IIP data is compared to the levels in the base year to determine the growth or contraction in industrial production.

Importance of Base Year
- The base year is crucial as it serves as a reference point for measuring changes in industrial production over time.
- It helps in comparing the current levels of industrial output with the levels in the base year to assess the growth or decline in production.
- The choice of base year impacts the calculation of various economic indicators and policies based on industrial production data.

Significance of 2011-12 as Base Year
- The base year was shifted to 2011-12 from the previous base year of 2004-05 to capture the changing economic scenario and industrial structure accurately.
- The new base year reflects the more recent production patterns and technological advancements in the industrial sector.
- It provides a more relevant and up-to-date reference point for analyzing industrial production trends in the Indian economy.
In conclusion, the choice of 2011-12 as the base year for the calculation of the All-India Index of Industrial Production is essential for accurately assessing the changes in industrial output and formulating policies based on this data.
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Directions :In this section, you have a few short passages. After each passage, you will find some items based on the passage. First, read a passage and answer the items based on it. You required to select your answers based on the contents of the passage and opinion of the author only.Passage — IFrom 1600 to 1757 the East India Company’s role in India was that of a trading corporation which brought goods or precious metals into India and exchanged them for Indian goods like textiles and spices, which is sold abroad. Its profits came primarily from the sale of Indian goods abroad. Naturally, it tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufacturers, and thus encouraged their production. This is the reason why Indian rulers tolerated and even encouraged the establishment of the Company’s factories in India. But, from the very beginning, the British manufacturers were jealous of the popularity that India textiles enjoyed in Britain. All of a sudden, dress fashions changed and light cotton textiles began to replace the coarse woolens of the English, Before, the author of the famous novel, Robinson Crusoe, complained that Indian cloth had “crept into our houses, our closets and bedchambers; curtains, cushions, chairs, and at last beds themselves were nothing but calicos or India stuffs”. The British manufacturers put pressure on their government to restrict and prohibit the sale of Indian goods in England. By 1720, laws had been passed forbidding the wear or use of printed or dyed cotton cloth, in 1760 a lady had to pay a fine of 200 for possessing an imported handkerchief! Moreover, heavy duties were imposed on the import of plain cloth. Other European countries, except Holland. also either prohibited the import of Indian cloth or imposed heavy import duties. In spite of these laws, however, Indian silk and cotton textiles still held their own in foreign markets, until the middle of the eighteenth century when the English textile industry began to develop on the basis of new and advanced technology.Q. “New and advanced technology” in the paragraph refers to

Directions :In this section, you have a few short passages. After each passage, you will find some items based on the passage. First, read a passage and answer the items based on it. You required to select your answers based on the contents of the passage and opinion of the author only.Passage — IFrom 1600 to 1757 the East India Company’s role in India was that of a trading corporation which brought goods or precious metals into India and exchanged them for Indian goods like textiles and spices, which it sold abroad. Its profits came primarily from the sale of Indian goods abroad. Naturally, it tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufacturers, and thus encouraged their production. This is the reason why Indian rulers tolerated and even encouraged the establishment of the Company’s factories in India. But, from the very beginning, the British manufacturers were jealous of the popularity that India textiles enjoyed in Britain. All of a sudden, dress fashions changed and light cotton textiles began to replace the coarse woolens of the English, Before, the author of the famous novel, Robinson Crusoe, complained that Indian cloth had “crept into our houses, our closets and bedchambers; curtains, cushions, chairs, and at last beds themselves were nothing but calicos or India stuffs”. The British manufacturers put pressure on their government to restrict and prohibit the sale of Indian goods in England. By 1720, laws had been passed forbidding the wear or use of printed or dyed cotton cloth, in 1760 a lady had to pay a fine of 200 for possessing an imported handkerchief! Moreover, heavy duties were imposed on the import of plain cloth. Other European countries, except Holland. also either prohibited the import of Indian cloth or imposed heavy import duties. In spite of these laws, however, Indian silk and cotton textiles still held their own in foreign markets, until the middle of the eighteenth century when the English textile industry began to develop on the basis of new and advanced technology.Q. The East India Company was encouraging the export of Indian manufacturers because

The base year for the calculation of all-India Index of Industrial Production (IIP) is:a)2004-05b)2005-06c)2010-11d)2011-12Correct answer is option 'D'. Can you explain this answer?
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