UPSC Prelims Practice Questions — Release of Report of the Technical Advisory Committee on Compilation of the Index of Services Production (ISP) with Base Year 2024-25

Q1. The Technical Advisory Committee on Compilation of the Index of Services Production (ISP), constituted by MoSPI in 2025, functions under the chairpersonship of which one of the following?

  • A. Ms. Debjani Ghosh, Distinguished Fellow, NITI Aayog
  • B. Dr. Rajeeva Laxman Karandikar, Chairman, National Statistical Commission
  • C. Dr. Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister
  • D. Prof. Suresh D. Tendulkar

Q2. With reference to the Index of Services Production (ISP), consider the following pairings of feature and detail: 1. Nodal ministry — Ministry of Statistics and Programme Implementation 2. Base year of ISP — 2022-23 3. Chairperson, Technical Advisory Committee on ISP — Ms. Debjani Ghosh 4. Strength of the Technical Advisory Committee on ISP — 24 members Which of the pairings given above is/are NOT correctly matched?

  1. Nodal ministry — Ministry of Statistics and Programme Implementation
  2. Base year of ISP — 2022-23
  3. Chairperson, Technical Advisory Committee on ISP — Ms. Debjani Ghosh
  4. Strength of the Technical Advisory Committee on ISP — 24 members
  • A. 1 only
  • B. 2 only
  • C. 2 and 4 only
  • D. 3 only

Q3. With reference to a comparison between the Index of Services Production (ISP) and the Index of Industrial Production (IIP), consider the following statements: 1. ISP is conceived as a monthly high-frequency indicator, on the pattern of the IIP. 2. ISP is intended to cover the formal services sector, whereas the IIP covers the industrial sector. 3. The new series of the IIP has base year 2022-23, while ISP has base year 2024-25. 4. Unlike the IIP, the ISP is to be released only on an annual basis. Which of the statements given above is/are NOT correct?

  1. ISP is conceived as a monthly high-frequency indicator, on the pattern of the IIP.
  2. ISP is intended to cover the formal services sector, whereas the IIP covers the industrial sector.
  3. The new series of the IIP has base year 2022-23, while ISP has base year 2024-25.
  4. Unlike the IIP, the ISP is to be released only on an annual basis.
  • A. 3 only
  • B. 4 only
  • C. 3 and 4 only
  • D. 1 and 2 only

Q4. With reference to the Index of Industrial Production (IIP) and the Index of Services Production (ISP), consider the following statements: 1. The IIP measures the output of the mining, manufacturing and electricity sectors. 2. The ISP is officially positioned as the services-sector counterpart of the IIP. 3. Both the IIP and the ISP are compiled by the Ministry of Statistics and Programme Implementation. 4. Once launched, the ISP will replace the IIP. Which of the statements given above is/are correctly identified?

  1. The IIP measures the output of the mining, manufacturing and electricity sectors.
  2. The ISP is officially positioned as the services-sector counterpart of the IIP.
  3. Both the IIP and the ISP are compiled by the Ministry of Statistics and Programme Implementation.
  4. Once launched, the ISP will replace the IIP.
  • A. 1 and 2 only
  • B. 1, 2 and 3 only
  • C. 2, 3 and 4 only
  • D. 1, 2, 3 and 4

Q5. The ISP Approach Paper analyses the output of the formal services sector. Which one of the following, listed among the sub-sectors, is NOT a services sub-sector proposed to be covered under the ISP? 1. Wholesale and retail trade 2. Real estate 3. Manufacture of motor vehicles 4. Hotels and restaurants Which of the above is NOT correctly included as a services sub-sector?

  1. Wholesale and retail trade
  2. Real estate
  3. Manufacture of motor vehicles
  4. Hotels and restaurants
  • A. 1 only
  • B. 2 only
  • C. 3 only
  • D. 4 only

Q6. As per the Economic Survey 2024-25, approximately what share of India's total Gross Value Added (GVA) was contributed by the services sector in FY25?

  • A. About 45.6%
  • B. About 50.6%
  • C. About 55.3%
  • D. About 60.1%

Q7. The Approach Paper on Compilation of the Index of Services Production, released in April 2026 and placed in the public domain for stakeholder comments, was brought out by which one of the following?

  • A. Ministry of Statistics and Programme Implementation
  • B. NITI Aayog
  • C. Department of Economic Affairs, Ministry of Finance
  • D. Reserve Bank of India

Q8. With reference to the data approach proposed in the ISP Approach Paper, consider the following statements: 1. It proposes to use only aggregated GST data, and MoSPI would not access individual unit-level data. 2. For sub-sectors such as health and education, it proposes reliance on ASISSE survey data rather than GST data. 3. It analyses exactly 40 services sub-sectors and proposes no data source other than GST. Which of the statements given above is/are correct?

  1. It proposes to use only aggregated GST data, and MoSPI would not access individual unit-level data.
  2. For sub-sectors such as health and education, it proposes reliance on ASISSE survey data rather than GST data.
  3. It analyses exactly 40 services sub-sectors and proposes no data source other than GST.
  • A. 1 only
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 1, 2 and 3

Q9. The trial series of the Index of Services Production, scheduled for release in July 2026, is being compiled and released by which one of the following?

  • A. The National Statistics Office under the Ministry of Statistics and Programme Implementation
  • B. The National Statistical Commission
  • C. NITI Aayog
  • D. The Controller General of Accounts

Q10. The conceptual and methodological framework underpinning the trial Index of Services Production was designed by a Technical Advisory Committee that was constituted by MoSPI in which year?

  • A. 2025
  • B. 2023
  • C. 2024
  • D. 2026

Q11. Among the statistical products associated with MoSPI, the Index of Services Production (ISP) is best described as India's first of which one of the following?

  • A. Monthly high-frequency output indicator for the formal services sector
  • B. Annual survey of service-sector enterprises
  • C. Producer price index for services
  • D. Consumer confidence index for the services sector

Q12. The ISP framework is stated to be aligned with international best practices. The principal international guideline document, the 'Compilation Manual for an Index of Services Production', was published by which one of the following organisations?

  • A. Organisation for Economic Co-operation and Development (OECD)
  • B. International Monetary Fund (IMF)
  • C. World Bank
  • D. United Nations Statistical Commission