What is the base year currently used for compiling the Index of Industrial Production?
- A.2011-12 equal to 100
- B.2017-18 equal to 100
- C.2022-23 equal to 100
- D.2024-25 equal to 100
Correct answer
Explanation
The correct answer is 2022-23 equal to 100, the base on which the index and the use-based indices are now compiled. On this base the general index for the month under review reads above the hundred mark, which simply means output is higher than it was in the base year. Option A names the base that was used for the series for many years before the revision, which makes it the most tempting distractor for a candidate relying on older study material. Options B and D name years that have not served as the base for this series. A base year is revised periodically so that the basket of items and their weights reflect the structure of industry as it now is; the figures of the old and the new series are therefore not directly comparable, a point worth remembering when a question offers index values from different periods.
Read the full article: IIP Grows 6.7% in September 2026 on Power and Factories
Practice Questions
What was the growth rate of India's Index of Industrial Production in September 2026?
- A.4.9 per cent
- B.6.7 per cent
- C.8.0 per cent
- D.11.2 per cent
Show answer
The correct answer is 6.7 per cent, the year on year growth recorded by the quick estimates for September 2026.
Read the full explanation →Which sector recorded the fastest growth in the Index of Industrial Production for September 2026?
- A.Manufacturing
- B.Mining and quarrying
- C.Electricity and gas supply
- D.Water supply, sewerage and waste management
Show answer
The correct answer is electricity and gas supply, which grew at the fastest rate among the four sectors that make up the index.
Read the full explanation →Within manufacturing, which industry group recorded the highest growth in September 2026?
- A.Manufacture of motor vehicles, trailers and semi-trailers
- B.Manufacture of electrical equipment
- C.Manufacture of rubber and plastics products
- D.Manufacture of basic metals
Show answer
Items such as switchgear and circuit breakers, uninterruptible power supplies and solid-state drives, and end-face connectors for optical fibres pushed the group up, which tells a story about demand from power distribution and data networks.
Read the full explanation →In which document was the scheme for container manufacturing first announced?
- A.The Union Budget 2026-27
- B.The Maritime India Vision
- C.The Economic Survey 2025-26
- D.The National Logistics Policy
Show answer
The Cabinet decision records that the scheme for container manufacturing had been announced in that budget, and the approval of 28 October 2026 is the step that turned the announcement into a sanctioned scheme with components and amounts.
Read the full explanation →What rate of interest subvention is offered on eligible term loans under the scheme?
- A.2 per cent a year
- B.3 per cent a year
- C.5 per cent a year
- D.6 per cent a year
Show answer
The Interest Subvention Assistance component, for which 859 crore rupees has been provided, lowers the interest cost on eligible term loans by three percentage points a year.
Read the full explanation →