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EconomyEasy

What is the base year used for the Index of Core Industries in this release?

  1. A.2011-12
  2. B.2017-18
  3. C.2022-23
  4. D.2024-25

Correct answer

C. 2022-23

Explanation

The correct answer is 2022-23. The provisional index for September 2026 and the final index for August 2026 were both published with the base year 2022-23, which the release states in its title. A base year is the reference period whose output is set equal to one hundred, so every index value is read as a comparison with that year. Options A and B name earlier base years that have been used for Indian industrial series in the past but are not the base of this release, and option D names a recent financial year that is not used as a base here. The other number to connect with the base year is the revised final index for August 2026, which moved from 119.2 to 120.4 and lifted that month's growth rate to 5.9 per cent. Examiners often pair the base-year question with the headline growth figure.

Read the full article: Core Industries Index Grows 7.9 Per Cent in September 2026

Q4.EconomyMedium

Under Section 110 of which Act were the smuggled cigarettes and the truck seized?

  1. A.Customs Act, 1962
  2. B.Narcotic Drugs and Psychotropic Substances Act, 1985
  3. C.Central Goods and Services Tax Act, 2017
  4. D.Cigarettes and Other Tobacco Products Act, 2003
Show answer
Correct answer: A. Customs Act, 1962

Section 110 of that Act lets a customs officer seize goods believed liable to confiscation, and it was used to take the 43.2 lakh foreign-origin cigarettes and the truck carrying them in Mizoram.