UPSC Prelims Practice Questions — Press note on release of the Report of the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production from 2011-12 to 2022-23

Q1. The Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production (base 2022-23), constituted in September 2024, functioned under the chairmanship of which one of the following?

  • A. Dr. Mridul K. Saggar, Professor, IIM Kozhikode
  • B. Dr. Bibek Debroy, Chairman, Economic Advisory Council to the PM
  • C. Dr. C. Rangarajan, former Chairman, National Statistical Commission
  • D. Prof. Ramesh Chand, Member, NITI Aayog

Q2. With reference to the sectors/activities newly brought under the coverage of the revised All-India IIP (base 2022-23), consider the following: 1. Gas supply 2. Water supply, sewerage & waste management 3. Rare earth minerals 4. Construction of residential buildings Which of the above is/are NOT correctly listed as newly added coverage?

  1. Gas supply
  2. Water supply, sewerage & waste management
  3. Rare earth minerals
  4. Construction of residential buildings
  • A. 1 and 2
  • B. 2 and 3
  • C. 1 and 4
  • D. 4 only

Q3. Immediately prior to its current revision to 2022-23, the base year of the All-India Index of Industrial Production had been revised to 2011-12 from which of the following base years?

  • A. 2004-05
  • B. 1993-94
  • C. 1980-81
  • D. 1999-2000

Q4. Consider the following as base years that have historically been used for the All-India Index of Industrial Production: 1. 1980-81 2. 1993-94 3. 2004-05 4. 2017-18 Which of the above is/are correctly identified?

  1. 1980-81
  2. 1993-94
  3. 2004-05
  4. 2017-18
  • A. 1 and 3 only
  • B. 2 and 4 only
  • C. 1, 2 and 3
  • D. 1, 2, 3 and 4

Q5. Which one of the following is the principal methodological innovation being introduced for the first time in India's IIP with the 2022-23 series?

  • A. A chain-linked index compiled alongside the traditional fixed-base index
  • B. Replacement of physical volume data entirely by value-based data
  • C. A shift from a chain-linked index back to a single fixed-base index
  • D. Adoption of a purely quarterly, rather than monthly, index

Q6. The compilation and release of the revised, chain-linked All-India Index of Industrial Production is the responsibility of which one of the following agencies?

  • A. National Statistics Office (NSO), Ministry of Statistics and Programme Implementation
  • B. Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade
  • C. Monetary Policy Department, Reserve Bank of India
  • D. National Statistical Commission, NITI Aayog

Q7. Under MoSPI's comprehensive base-year revision exercise covering GDP, IIP and CPI, which one of these new series was scheduled for release earliest?

  • A. Consumer Price Index (CPI)
  • B. Gross Domestic Product (GDP)
  • C. Index of Industrial Production (IIP)
  • D. Wholesale Price Index (WPI)

Q8. MoSPI's single comprehensive base-year revision exercise (announced to enhance relevance and international comparability) simultaneously covered how many macro-indicators?

  • A. Two
  • B. Three
  • C. Four
  • D. Five

Q9. Which one of the following statements about the authority responsible for compiling the All-India IIP is correct?

  • A. The IIP is compiled by the National Statistics Office under MoSPI
  • B. The IIP has always been compiled solely by the Reserve Bank of India for monetary policy
  • C. The IIP is exclusively compiled by the Department for Promotion of Industry and Internal Trade
  • D. The IIP has invariably been compiled only by NITI Aayog since 1951

Q10. In the context of the Index of Industrial Production, the 'use-based classification' of items refers to which one of the following?

  • A. Grouping of items by their economic end-use, such as primary, capital, intermediate, infrastructure and consumer goods
  • B. Grouping of items by the three broad producing sectors of mining, manufacturing and electricity
  • C. Grouping of items by the geographical region in which they are produced
  • D. Grouping of items by their share in the total Gross Value Added

Q11. With reference to the first release of the revised All-India IIP series (base 2022-23), consider the following: 1. The first release of the new series took place on 1 June 2026. 2. The revised series provides index values from April 2023 onward. 3. The first release included Quick Estimates for April 2026. 4. The sectoral indices of the revised series continued to use base year 2011-12. Which of the above is/are correctly identified?

  1. The first release of the new series took place on 1 June 2026.
  2. The revised series provides index values from April 2023 onward.
  3. The first release included Quick Estimates for April 2026.
  4. The sectoral indices of the revised series continued to use base year 2011-12.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1, 2 and 3
  • D. 1, 2, 3 and 4

Q12. Consider the following statements comparing India's key economic indices and their current base-year revisions: 1. The IIP and CPI are compiled and released by MoSPI, whereas the Wholesale Price Index is released by the Office of the Economic Adviser, DPIIT. 2. In the current round of revisions, GDP and IIP adopt base year 2022-23, while CPI adopts base year 2024. 3. The revised WPI series was also shifted to base year 2022-23. Which of the statements given above is/are correct?

  1. The IIP and CPI are compiled and released by MoSPI, whereas the Wholesale Price Index is released by the Office of the Economic Adviser, DPIIT.
  2. In the current round of revisions, GDP and IIP adopt base year 2022-23, while CPI adopts base year 2024.
  3. The revised WPI series was also shifted to base year 2022-23.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3