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Which of the following industries are classified as the Core Industries in the Index of Industrial Production?
Coal
Automobiles
Electricity
Real Estate
Select the correct answer using the code given below.
- a)1, 2 and 4 only
- b)2 and 3 only
- c)1 and 3 only
- d)1, 2, 3 and 4
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Which of the following industries are classified as the Core Industri...
The Core Industries in the Index of Industrial Production (IIP) are a group of industries that are considered to be the key drivers of the overall industrial growth in a country. These industries have a significant impact on the economy and are closely monitored to gauge the overall industrial performance. The four industries that are classified as the Core Industries in the IIP are:
1. Coal:
Coal is an important natural resource that is used extensively for power generation and industrial processes. The production of coal is crucial for meeting the energy requirements of a country. The coal industry plays a vital role in the overall industrial production and is therefore classified as a core industry.
2. Electricity:
The electricity industry is responsible for the generation, transmission, and distribution of electrical power. It is a critical infrastructure industry that provides the necessary energy for various sectors such as manufacturing, services, and households. The growth and performance of the electricity industry are indicative of the overall industrial production, making it a core industry.
3. Automobiles:
The automobile industry is a key driver of economic growth and development in many countries. It encompasses the manufacturing of motor vehicles, including cars, trucks, and motorcycles. The automobile industry has a significant multiplier effect on the economy, as it generates employment, promotes technological innovation, and contributes to exports. Due to its importance, the automobile industry is considered as a core industry.
4. Real Estate:
Real estate refers to the property market, including residential, commercial, and industrial properties. While real estate is not traditionally considered a core industry, it has gained prominence in recent years due to its contribution to the overall economic growth. The real estate sector includes construction activities, housing development, and infrastructure projects, which have a direct impact on the industrial production. Hence, real estate is also considered as a core industry in the IIP.
In conclusion, the Core Industries in the Index of Industrial Production include coal, electricity, automobiles, and real estate. These industries have a significant impact on the overall industrial growth and are closely monitored to assess the performance of the industrial sector.
1. Coal:
Coal is an important natural resource that is used extensively for power generation and industrial processes. The production of coal is crucial for meeting the energy requirements of a country. The coal industry plays a vital role in the overall industrial production and is therefore classified as a core industry.
2. Electricity:
The electricity industry is responsible for the generation, transmission, and distribution of electrical power. It is a critical infrastructure industry that provides the necessary energy for various sectors such as manufacturing, services, and households. The growth and performance of the electricity industry are indicative of the overall industrial production, making it a core industry.
3. Automobiles:
The automobile industry is a key driver of economic growth and development in many countries. It encompasses the manufacturing of motor vehicles, including cars, trucks, and motorcycles. The automobile industry has a significant multiplier effect on the economy, as it generates employment, promotes technological innovation, and contributes to exports. Due to its importance, the automobile industry is considered as a core industry.
4. Real Estate:
Real estate refers to the property market, including residential, commercial, and industrial properties. While real estate is not traditionally considered a core industry, it has gained prominence in recent years due to its contribution to the overall economic growth. The real estate sector includes construction activities, housing development, and infrastructure projects, which have a direct impact on the industrial production. Hence, real estate is also considered as a core industry in the IIP.
In conclusion, the Core Industries in the Index of Industrial Production include coal, electricity, automobiles, and real estate. These industries have a significant impact on the overall industrial growth and are closely monitored to assess the performance of the industrial sector.
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Which of the following industries are classified as the Core Industri...
- Core industries can be defined as main or key industries of the economy. These industries are considered as the backbone of all other industries and are likely to impact on general economic activities as well as industrial activities.
- There are a total of 8 core industries classified in India. The monthly Index of Eight Core Industries (ICI) is a production volume index. ICI measures the collective and individual performance of production in selected eight core industries.
- Coal – Coal Production excluding Coking coal.
- Crude Oil – Total Crude Oil Production.
- Natural Gas – Total Natural Gas Production.
- Refinery Products – Total Refinery Production (in terms of Crude Throughput).
- Fertilizer – Urea, Ammonium Sulphate (A/S), Calcium Ammonium Nitrate (CAN), Ammonium chloride (A/C), Diammonium Phosphate (DAP), Complex Grade Fertilizer and Single superphosphate (SSP).
- Steel – Production of Alloy and Non-Alloy Steel only.
- Cement – Production of Large Plants and Mini Plants.
- Electricity – Actual Electricity Generation of Thermal, Nuclear, Hydro, imports from Bhutan.
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Which of the following industries are classified as the Core Industries in the Index of Industrial Production? Coal Automobiles Electricity Real Estate Select the correct answer using the code given below.a)1, 2 and 4 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer?
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