Index of Eight Core Industries

Question: Consider the following statements regarding Index of Eight Core Industries, November 2018:
1) The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
2) The Natural Gas production increased by 0.5 % in November 2018.
3) Petroleum Refinery production increased by 2.3% in November 2018.
4) Coal production increased by 6% in November 2018.
Correct option:
(a) 1, 2 and 4
(b) 2, 3 and 4
(c) 1, 2 and 3
(d) All of the above.
Answer: (c)
Related facts:

  • The Eight Core Industries shares 40.27% of the total weight of items included in the Index of Industrial Production (IIP). The summary of Index of Eight Core Industries (base 2011-12) is given:
  • Coal: Coal production has increased by 3.7% in November, 2018. The cumulative index also increased by 9% during April-November 2018-19 over corresponding period of the previous year.
  • Crude Oil: Its production decreased by 3.5% in November, 2018 over November 2017 and the cumulative Index saw a decline by 3.6% during April-November 2018-19 over corresponding period of the previous year.
  • Natural Gas: Its production increased by 0.5% in November 2018 over the same in 2017 and its cumulative index decreased by 0.7% during April-November 2018-19 over corresponding period of the previous year.
  • Petroleum Refinery: Its production increased by 2.3% in November 2018 over November 2017 and the cumulative index increase by 5.3% during April-November 2018-19 over corresponding period of the previous year.
  • Fertilizers Production: Its production decreased by 8.1% in November 2018 over November 2017 and its cumulative index declined by 1.3% during April-November 2018-19 over corresponding period of the previous year.
  • Steel: Its production increased by 6% in November 2018 over November 2017 and cumulative index increased by 3.7% during April-November 2018-19 over corresponding period of the previous year.
  • Cement: Its production increased by 8.8% in November 2018 over November 2017 while its cumulative index increased by 14.2% during April-November 2018-19 over corresponding period of the previous year.
  • Electricity Generation: Its production increased by 5.4% in November 2018 over November 2017 while its cumulative index increased by 6.7% during April-November 2018-19 over corresponding period of the previous year.

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