UPSC Prelims Practice Questions — First Release of sub – sectoral Trial Index of Services Production (ISP) (Base Year 2024 -25)
Q1. MoSPI's Approach Paper preceding the Index of Services Production (ISP) screened sub-sectors of the services sector for data availability and suitability before shortlisting those fit for index compilation. Approximately how many sub-sectors were examined in that exercise?
- A. More than 10
- B. More than 25
- C. More than 40
- D. More than 70
Q2. With reference to the Index of Services Production (ISP), which of the following are correctly identified as sources of data used for its compilation?
1. Administrative data from air and railway transport, banking and insurance
2. Aggregated Goods and Services Tax (GST) data for trade, telecommunications and real estate
3. Annual Survey of Industries (ASI) returns for health and education services
4. Annual Survey of Incorporated Services Sector Enterprises (ASISSE) for non-government health and education
Which of the above is/are correctly identified?
- Administrative data from air and railway transport, banking and insurance
- Aggregated Goods and Services Tax (GST) data for trade, telecommunications and real estate
- Annual Survey of Industries (ASI) returns for health and education services
- Annual Survey of Incorporated Services Sector Enterprises (ASISSE) for non-government health and education
- A. 1 and 3
- B. 2 and 4
- C. 1, 2 and 4
- D. 3 only
Q3. With reference to the first sub-sectoral trial release of the Index of Services Production by MoSPI, consider the following:
1. Its base year is 2024-25.
2. It covers 19 sub-sectors of the services sector.
3. It covers every sub-sector of the services sector without exception.
4. Along with the reference month April 2026, trial monthly indices for 2025-26 were also put out.
Which of the above is/are correctly identified?
- Its base year is 2024-25.
- It covers 19 sub-sectors of the services sector.
- It covers every sub-sector of the services sector without exception.
- Along with the reference month April 2026, trial monthly indices for 2025-26 were also put out.
- A. 1 and 3
- B. 2 and 4
- C. 1, 2 and 4
- D. 3 only
Q4. In the context of the Index of Services Production, the abbreviation 'ASISSE' — the survey that will feed health and education services into the index — stands for which one of the following?
- A. Annual Survey of Incorporated Services Sector Enterprises
- B. All-India Statistical Inventory of Small Service Establishments
- C. Annual Sample Inquiry of Services Sector Employment
- D. Annual Survey of Informal Services Sector Establishments
Q5. The Technical Advisory Committee (TAC) constituted by MoSPI to guide the development of the Index of Services Production is chaired by which one of the following?
- A. Ms. Debjani Ghosh, distinguished fellow, NITI Aayog
- B. The Chief Statistician of India
- C. The Secretary, Ministry of Statistics and Programme Implementation
- D. A Deputy Governor of the Reserve Bank of India
Q6. Consider the following statements regarding the Technical Advisory Committee (TAC) on the Index of Services Production:
1. It was constituted in May 2025 and comprises 24 members drawn from academia, industry associations and services-sector ministries.
2. It is chaired ex officio by the Chief Statistician of India, whereas the sub-sectoral indices themselves are compiled by NITI Aayog.
3. Its report was brought out in the first fortnight of July 2026, ahead of the first sub-sectoral trial release of the index.
Which of the statements given above is/are correct?
- It was constituted in May 2025 and comprises 24 members drawn from academia, industry associations and services-sector ministries.
- It is chaired ex officio by the Chief Statistician of India, whereas the sub-sectoral indices themselves are compiled by NITI Aayog.
- Its report was brought out in the first fortnight of July 2026, ahead of the first sub-sectoral trial release of the index.
- A. 1 only
- B. 1 and 3 only
- C. 2 and 3 only
- D. 1, 2 and 3
Q7. MoSPI's stated rationale for creating the Index of Services Production is that the services sector has accounted for more than half of India's Gross Value Added continuously since which one of the following years, while still lacking a high-frequency output indicator?
- A. 2004-05
- B. 2011-12
- C. 2013-14
- D. 2017-18
Q8. The weights used in the trial Index of Services Production are derived from Gross Value Added contributions of the constituent industries. Which one of the following sub-sectors carries the single largest weight in that index?
- A. Information technology services
- B. Retail trade
- C. Banking
- D. Real estate activities
Q9. The Index of Services Production has been designed as the services-sector counterpart of the Index of Industrial Production. The current (revised) series of the Index of Industrial Production, against which the new services index is set, has which base year?
- A. 2011-12
- B. 2012-13
- C. 2022-23
- D. 2024-25
Q10. Which one of the following is the agency that compiles and releases both the Index of Industrial Production and the trial Index of Services Production?
- A. National Statistics Office, Ministry of Statistics and Programme Implementation
- B. Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry
- C. Central Board of Indirect Taxes and Customs, Ministry of Finance
- D. Economic Advisory Council to the Prime Minister
Q11. In the first sub-sectoral trial data of the Index of Services Production, for the reference month April 2026, how many of the 19 sub-sectors covered recorded double-digit year-on-year growth?