With regard to the Index of Industrial Production (IIP), consider the – McqOptions

MCQOPTIONS

1.	With regard to the Index of Industrial Production (IIP), consider the following statements: n1. It measures the long-term changes in the volume of production of a basket of industrial products.n2. The current base year of IIP is 2011-2012.nWhich of the above statement/statements is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» C. Both 1 and 2

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