Consider the following statements regarding Index of Industrial Production (IIP)

1. It is released monthly by Central Statistical Organisation(CSO)
2. It shows the volume of Industrial activity
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2




Ans-[A]

Explanation– IIP measures the growth of various sectors in the economy by measuring the industrial activity of the country. It does not show volume of activity and only shows the magnitude which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time. IIP is released every month by the CSO.