GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Manufacturing
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Mining and Quarrying
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Electricity
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All are equal
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Detailed explanation-1: -The maximum weightage is given to Basic goods, followed by Consumer Goods, followed by Intermediate and Capital Goods.
Detailed explanation-2: -Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall. The relative weights of these three sectors are 77.6% (manufacturing), 14.4% (mining) and 8% (electricity).
Detailed explanation-3: -In the table, Primary goods have the highest weight of 34% and capital goods have the least weight i.e. 8.22%.
Detailed explanation-4: -ICI measures combined and individual performance of production of eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).