Current Affairs Exam > Current Affairs Questions > In the “Index of Eight Core Industries&...
Start Learning for Free
In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?
- a)Steel Industry
- b)Coal Industry
- c)Electricity Industry
- d)Refinery Products Industry
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In the “Index of Eight Core Industries”, which of the foll...
Understanding the Index of Eight Core Industries
The Index of Eight Core Industries is a vital economic indicator in India that reflects the performance of key sectors. It consists of eight major industries, each contributing significantly to the economy.
Weightage of Industries
Among the sectors included in this index, the weightage is distributed based on their importance in the overall industrial output. The industries are:
- Coal Industry
- Electricity Industry
- Steel Industry
- Refinery Products Industry
Highest Weightage: Refinery Products Industry
The correct answer, indicating that the "Refinery Products Industry" has the highest weightage, can be explained as follows:
- Economic Impact: The refinery sector plays a crucial role in the economy as it processes crude oil into essential petroleum products, which are foundational for various sectors, including transportation and manufacturing.
- Contribution to GDP: The refinery industry significantly contributes to the Gross Domestic Product (GDP), making its performance pivotal for overall economic health.
- Job Creation: This sector also provides ample employment opportunities, further justifying its substantial weight in the index.
- Energy Security: With energy needs rising, the refinery industry supports energy security, making it a priority for economic policies.
Conclusion
In summary, the Refinery Products Industry holds the highest weightage in the Index of Eight Core Industries due to its critical role in the Indian economy, substantial contribution to GDP, job creation, and ensuring energy security.
The Index of Eight Core Industries is a vital economic indicator in India that reflects the performance of key sectors. It consists of eight major industries, each contributing significantly to the economy.
Weightage of Industries
Among the sectors included in this index, the weightage is distributed based on their importance in the overall industrial output. The industries are:
- Coal Industry
- Electricity Industry
- Steel Industry
- Refinery Products Industry
Highest Weightage: Refinery Products Industry
The correct answer, indicating that the "Refinery Products Industry" has the highest weightage, can be explained as follows:
- Economic Impact: The refinery sector plays a crucial role in the economy as it processes crude oil into essential petroleum products, which are foundational for various sectors, including transportation and manufacturing.
- Contribution to GDP: The refinery industry significantly contributes to the Gross Domestic Product (GDP), making its performance pivotal for overall economic health.
- Job Creation: This sector also provides ample employment opportunities, further justifying its substantial weight in the index.
- Energy Security: With energy needs rising, the refinery industry supports energy security, making it a priority for economic policies.
Conclusion
In summary, the Refinery Products Industry holds the highest weightage in the Index of Eight Core Industries due to its critical role in the Indian economy, substantial contribution to GDP, job creation, and ensuring energy security.
Free Test
FREE
| Start Free Test |
Community Answer
In the “Index of Eight Core Industries”, which of the foll...
The eight core sector industries include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity. The eight core industries comprise nearly 40% of the weight of items included in the Index of Industrial Production (IIP). The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
|
Explore Courses for Current Affairs exam
|
|
Top Courses for Current AffairsView all
In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer?
Question Description
In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer?.
In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer?.
Solutions for In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice In the “Index of Eight Core Industries”, which of the following industries has the highest weightage?a)Steel Industryb)Coal Industryc)Electricity Industryd)Refinery Products IndustryCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
|
|
Explore Courses for Current Affairs exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup