SSC CGL Exam  >  SSC CGL Questions  >   Which of the following statements is/are cor... Start Learning for Free
Which of the following statements is/are correct?
1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.
2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.
3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.
  • a)
    1 only
  • b)
    2 only
  • c)
    1, 2 and 3 all
  • d)
    2 and 3 only
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is/are correct?1. Index of Industri...
Index of Industrial Production is an index that is released by the Office of Economic Advisor, Ministry of Commerce. It comprises components such as manufacturing, mining and electricity. Chronological order of IIP weightage: Manufacturing > Mining > Electricity. Its base year was changed to 2011 - 12. Manufacturing belongs to secondary sector. Mining is a component of primary sector. Electricity generation is a secondary sector activity. So, statement 1 is wrong. Statement 2: Incremental capital output ratio is the amount of capital required to raise the GDP of a country by 1%. (Annual investment/Annual increase in GDP = ICOR). So, if ICOR increases, it means the capital efficacy is less and industries are functioning ineffectively, leading to a scenario of more requirement of investment to increase growth. So, statement 2 is correct. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period. So, statement 3 is correct.
Explore Courses for SSC CGL exam

Top Courses for SSC CGL

Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC CGL. Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free.
Here you can find the meaning of Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements is/are correct?1. Index of Industrial Production (IIP) comprises those components that are only part of secondary sector.2. Increase in Incremental Capital Output ratio is an indicator of increasing inefficiency of the economy.3. The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products.a)1 onlyb)2 onlyc)1, 2 and 3 alld)2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice SSC CGL tests.
Explore Courses for SSC CGL exam

Top Courses for SSC CGL

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev