Question

In how many groups are the industries grouped for construction of index of industrial production in India. Name them.

Solution

Industries are grouped into three categories : (i) Mining, (ii) Manufacturing and, (iii) Electricity for constructing index of industrial production in India.

Some More Questions From Index Numbers Chapter

The item having the highest weight in consumer’s price index for industrial workers is:

consumer price index measures changes in:

The wholesale price index.

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Index Numbers

In how many groups are the industries grouped for construction of index of industrial production in India. Name them.

Some More Questions From Index Numbers Chapter

The item having the highest weight in consumer’s price index for industrial workers is:

consumer price index measures changes in:

The wholesale price index.

D.A. paid to the workers is based on:

Why do we need an index number?

Why is it essential to have different CPIs for different categories of consumers?

What does a consumer price index for industrial workers measure?

What is the difference between a price index and a quantity index?

Is the change in any price reflected in price index number?

Can the CPI for urban non-manual employees represent the changes in the cost of living of the President of India?

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