In the 'Index of Eight Core Industries', which one of the following is given the highest weight?
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A.
Coal production
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B.
Electricity generation
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C.
Fertilizer production
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D.
Steel production
Correct Answer:
B. Electricity generation
Explanation:
The correct answer is (b) Electricity generation.
Explanation:
The Index of Eight Core Industries is a combined index that measures the performance of eight key sectors of the Indian economy: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
These eight industries constitute around 40.27% of the weight in the overall Index of Industrial Production (IIP), indicating the significant impact these sectors have on the economy.
Among these, electricity generation is given the highest weight of 19.85% among the options provided (Coal is about 10.33%, Steel about 17.92%, and Fertilizers about 2.63%).
Note: Refinery products have the highest weight overall in the core industries (around 28%), but since it’s not an option here, electricity generation holds the highest weight among the choices.
In summary: For the question, Electricity generation (Option B) has the highest weight in the Index of Eight Core Industries
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