Which services sub-sector recorded the highest growth in July 2026 over July 2025?
- A.Retail trade
- B.Administrative and support services
- C.Real estate
- D.Banking
Correct answer
Explanation
The correct answer is administrative and support services, which posted the fastest growth of the nineteen sub-sectors against the same month a year earlier. Option A is wrong because retail trade, though it grew strongly, came second in the month's growth ranking. Option C is wrong because real estate came after retail trade. Option D is wrong because banking grew more slowly than all three, and its index is in any case based on provisional monthly data that will be revised once a year, as is the case for the railways and insurance sub-sectors. Two ideas should be kept apart here: the fastest growth belonged to administrative and support services, while the highest index level in the month belonged to accommodation and food services, since a high index means a high level of activity relative to the base year rather than a large rise over last year.
Read the full article: MoSPI Releases Trial Index of Services Production for July 2026
Practice Questions
The trial Index of Services Production released by MoSPI for July 2026 covers how many broad sub-sectors?
- A.12
- B.15
- C.19
- D.23
Show answer
The Ministry of Statistics and Programme Implementation released the sub-sectoral trial Index of Services Production for the month in respect of nineteen broad sub-sectors, computed on the base year 2024-25.
Read the full explanation →Which sub-sector had the only index reading below hundred in July 2026?
- A.Repair services
- B.Water transport
- C.Air transport
- D.Postal and courier
Show answer
The correct answer is air transport, whose index stood at 87.8 after a fall of 8.4 per cent over July 2025, the only sub-sector in the release reading below hundred, which means activity was below its own base-year level.
Read the full explanation →How many interrelated components make up the Knowledge Ecosystem outlined in the paper?
- A.Five
- B.Six
- C.Eight
- D.Ten
Show answer
The Actionable Policy Paper sets out a Knowledge Ecosystem built from eight connected components, which include knowledge capabilities and assets, enabling infrastructure, knowledge creation activities, knowledge products, knowledge-embedded products, knowledge-intensive entrepreneurship and knowledge application.
Read the full explanation →By which date can feedback be sent to MoSPI on the Actionable Policy Paper on measuring knowledge in the economy?
- A.30 November 2026
- B.12 December 2026
- C.31 December 2026
- D.15 January 2027
Show answer
The Ministry of Statistics and Programme Implementation invited feedback and suggestions from all stakeholders and the general public on the Actionable Policy Paper, and set that day as the closing date for the consultation.
Read the full explanation →Who chaired the Committee on Knowledge Systems whose report MoSPI has opened for public feedback?
- A.Prof. Ajay Kumar Sood
- B.Dr. R. Balasubramaniam
- C.Shri Ratan P. Watal
- D.Dr. Bibek Debroy
Show answer
The correct answer is Shri Ratan P. Watal, a former Member Secretary of the Economic Advisory Council to the Prime Minister, who headed the committee constituted in May 2026.
Read the full explanation →