WBCS.LIVE practice question

Which institution officially releases the Index of Industrial Production (IIP) in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. NITI Aayog
  2. Reserve Bank of India
  3. Ministry of Commerce and Industry
  4. National Statistical Office

Correct answer and explanation

Correct answer: National Statistical Office

Explanation: āœ… Correct Answer: D) National Statistical Office šŸ“š Explanation: The Index of Industrial Production (IIP) is a highly crucial monthly economic indicator that measures the absolute growth rates of different industry groups in the economy. It is officially compiled and published every month by the National Statistical Office (NSO). The NSO operates directly under the Ministry of Statistics and Programme Implementation (MoSPI).