Question

UPSC Prelims 2015 Question:

In the 'Index of Eight Core Industries', which one of the following is given the highest weight?

1. Coal production
2. Electricity generation
3. Fertilizer production
4. Steel production

Answer (Detailed Solution Below)

Option 2: Electricity generation

Detailed Solution

Explanation:

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) releases Index of Eight Core Industries (ICI).
The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
The Eight Code Industries are: Refinery Products 28.04%, Electricity 19.85%, Steel 17.92%, Coal 10.33%, Crude Oil 8.98%, Natural Gas 6.88%, Cement 5.37%, Fertilizers 2.63%.

Therefore, option (2) is the correct answer.

Subject: Economics | Industry

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