What is the weight of the manufacturing sector in the Industrial Production Index (2004-05 = 100) ?
The 2004–05-base IIP assigns manufacturing weight 75.53%, which rounds to the offered 75.5%. Other offered weights do not match this historical base. 69.0 percent : Does not…
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What is the weight of the manufacturing sector in the Industrial Production Index (2004-05 = 100) ?
Answer and explanation
Correct answer C
The 2004–05-base IIP assigns manufacturing weight 75.53%, which rounds to the offered 75.5%. Other offered weights do not match this historical base. 69.0 percent : Does not satisfy the relationships or definition explained above. 72.3 percent : Does not satisfy the relationships or definition explained above. 75.5 percent : Correct in the comparison explained above. 79.2 percent : Does not satisfy the relationships or definition explained above.
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UGC NET Economics