UPSC Prelims Practice Questions — Frequently Asked Questions (FAQs)

Q1. The All India Index of Industrial Production (IIP) was first compiled with which one of the following as its base year?

  • A. 1937
  • B. 1946
  • C. 1951
  • D. 1960

Q2. The new All India IIP series released in 2026 shifted the base year to 2022-23 from which one of the following?

  • A. 2004-05
  • B. 2010-11
  • C. 2011-12
  • D. 2012-13

Q3. The revision of the base year of the All India IIP to 2022-23 is which numbered revision of its base year since the index's inception?

  • A. 8th
  • B. 9th
  • C. 10th
  • D. 11th

Q4. On whose recommendation was 2022-23 adopted as the new base year for the All India Index of Industrial Production?

  • A. The Monetary Policy Committee of the RBI
  • B. The Technical Advisory Committee on IIP (TAC-IIP)
  • C. The Fifteenth Finance Commission
  • D. The Office of the Economic Adviser, DPIIT

Q5. With reference to the harmonization of base years to 2022-23, consider the following macroeconomic indicators: 1. National Accounts (GDP) estimates 2. Wholesale Price Index 3. Consumer Price Index 4. Index of Industrial Production Which of the above have adopted 2022-23 as their base year, as correctly identified?

  1. National Accounts (GDP) estimates
  2. Wholesale Price Index
  3. Consumer Price Index
  4. Index of Industrial Production
  • A. 1, 2 and 4
  • B. 1, 3 and 4
  • C. 2 and 3 only
  • D. 1, 2, 3 and 4

Q6. Consider the following statements comparing the new 2022-23 IIP series with its predecessor: 1. The 2022-23 base year aligns the IIP with the base years of the National Accounts and the Wholesale Price Index. 2. 2022-23 was chosen because it broadly represents normal economic conditions, free from COVID-related abnormal fluctuations. 3. As in the earlier series, the Wholesale Price Index continues to be used to deflate value-based industries. Which of the statements given above is/are correct?

  1. The 2022-23 base year aligns the IIP with the base years of the National Accounts and the Wholesale Price Index.
  2. 2022-23 was chosen because it broadly represents normal economic conditions, free from COVID-related abnormal fluctuations.
  3. As in the earlier series, the Wholesale Price Index continues to be used to deflate value-based industries.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q7. The Index of Industrial Production (IIP) is compiled and released by which one of the following?

  • A. Ministry of Commerce and Industry
  • B. Ministry of Statistics and Programme Implementation
  • C. Reserve Bank of India
  • D. Ministry of Finance

Q8. In the new 2022-23 IIP series, sectoral weights are derived from shares in Gross Value Added. Which sector carries the single largest weight in the index?

  • A. Mining & Quarrying
  • B. Manufacturing
  • C. Electricity
  • D. Water Supply, Sewerage & Waste Management

Q9. Consider the following: 1. Manufacturing 2. Water Supply, Sewerage & Waste Management 3. Construction 4. Mining & Quarrying Which of the above are among the broad sectors covered by the new 2022-23 IIP series, as correctly identified?

  1. Manufacturing
  2. Water Supply, Sewerage & Waste Management
  3. Construction
  4. Mining & Quarrying
  • A. 1, 2 and 4
  • B. 1, 3 and 4
  • C. 2, 3 and 4
  • D. 1, 2, 3 and 4

Q10. Consider the following statements regarding the recommendations of the Technical Advisory Committee (TAC-IIP) for the revised series: 1. It recommended introducing a chain-linked IIP in addition to the fixed-base index. 2. It recommended replacing the Wholesale Price Index with the Output Producer Price Index for value-based industries. 3. It recommended retaining the 2011-12 base year with only an expanded item basket. Which of the statements given above is/are correct?

  1. It recommended introducing a chain-linked IIP in addition to the fixed-base index.
  2. It recommended replacing the Wholesale Price Index with the Output Producer Price Index for value-based industries.
  3. It recommended retaining the 2011-12 base year with only an expanded item basket.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q11. The monthly IIP data release for May 2026 — showing 5.1% growth under the new 2022-23 base — is issued by which body?

  • A. NITI Aayog
  • B. National Statistics Office (NSO), MoSPI
  • C. Reserve Bank of India
  • D. Central Statistical wing of the Ministry of Commerce and Industry