UPSC Prelims Practice Questions — FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23

Q1. In the new series (Base Year 2022-23) of the Index of Core Industries, which one of the following core industries carries the single highest weight?

  • A. Refinery Products
  • B. Steel
  • C. Electricity
  • D. Coal

Q2. With reference to how the new 2022-23 series of the Index of Core Industries differs from the earlier 2011-12 series, consider the following statements: 1. The new series adds Iron Ore, expanding the basket from eight to nine core industries. 2. Crude Oil, which was part of the old series, has been dropped from the new series. 3. In the new series, Steel is measured using gross production instead of the net production used earlier. Which of the statements given above is/are correct?

  1. The new series adds Iron Ore, expanding the basket from eight to nine core industries.
  2. Crude Oil, which was part of the old series, has been dropped from the new series.
  3. In the new series, Steel is measured using gross production instead of the net production used earlier.
  • A. 1 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 1, 2 and 3

Q3. In the new series of the Index of Core Industries, the 'linking factor' of 1.47 refers to which one of the following?

  • A. The ratio used to splice old-series (2011-12) index values onto the new-series (2022-23) base so the two series are comparable
  • B. The combined weight of the nine core industries within the overall Index of Industrial Production
  • C. The pro-rata factor by which IIP weights are scaled so that ICI item weights total 100
  • D. The multiple by which the June 2026 index exceeds its 2022-23 base value of 100

Q4. With reference to the first press release of the new-series Index of Core Industries, consider the following statements: 1. It uses base year 2022-23, replacing the earlier 2011-12 base. 2. It was released by the Office of Economic Adviser, DPIIT. 3. It was accompanied by a back series reconstructed from April 2023. 4. It presented provisional data for the reference month of July 2026. Which of the statements given above is/are NOT correct?

  1. It uses base year 2022-23, replacing the earlier 2011-12 base.
  2. It was released by the Office of Economic Adviser, DPIIT.
  3. It was accompanied by a back series reconstructed from April 2023.
  4. It presented provisional data for the reference month of July 2026.
  • A. 1 and 2
  • B. 3 only
  • C. 4 only
  • D. 2 and 4

Q5. With reference to the weight of the core industries within the Index of Industrial Production (IIP), consider the following statements: 1. Under the old 2011-12 series, the eight core industries carried a combined weight of 40.27% in the IIP. 2. Under the new 2022-23 series, the nine core industries carry a combined weight of 32.88% in the IIP. 3. The combined weight of the core industries in the IIP rose following the base-year revision to 2022-23. Which of the statements given above is/are correct?

  1. Under the old 2011-12 series, the eight core industries carried a combined weight of 40.27% in the IIP.
  2. Under the new 2022-23 series, the nine core industries carry a combined weight of 32.88% in the IIP.
  3. The combined weight of the core industries in the IIP rose following the base-year revision to 2022-23.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q6. The sectoral weights of the new 2022-23 Index of Core Industries were derived from, and proportionally scaled to, the weights of which index compiled by which agency?

  • A. The Index of Industrial Production compiled by the National Statistical Office (NSO), MoSPI
  • B. The Wholesale Price Index compiled by the Office of Economic Adviser, DPIIT
  • C. The Index of Industrial Production compiled by the Office of Economic Adviser, DPIIT
  • D. The Gross Domestic Product series compiled by the National Statistical Office, MoSPI

Q7. The Index of Core Industries is compiled and released by which one of the following?

  • A. National Statistical Office (NSO), Ministry of Statistics and Programme Implementation
  • B. Office of Economic Adviser (OEA), DPIIT, Ministry of Commerce and Industry
  • C. Reserve Bank of India
  • D. Central Statistics Office, Ministry of Finance

Q8. With reference to the institutional arrangements for compiling the Index of Core Industries (ICI) and the Index of Industrial Production (IIP), consider the following statements: 1. The ICI is compiled by the Office of Economic Adviser, whereas the IIP is compiled by the NSO under MoSPI. 2. Both the ICI and the IIP are released by one and the same ministry. 3. The Office of Economic Adviser functions under the Department for Promotion of Industry and Internal Trade (DPIIT). Which of the statements given above is/are correct?

  1. The ICI is compiled by the Office of Economic Adviser, whereas the IIP is compiled by the NSO under MoSPI.
  2. Both the ICI and the IIP are released by one and the same ministry.
  3. The Office of Economic Adviser functions under the Department for Promotion of Industry and Internal Trade (DPIIT).
  • A. 1 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 1, 2 and 3

Q9. Consider the following pairs of an index and its revised base year adopted during India's 2026 statistical overhaul: 1. Gross Domestic Product — 2022-23 2. Index of Industrial Production — 2022-23 3. Consumer Price Index — 2022-23 4. Index of Core Industries — 2022-23 Which of the pairs given above is/are NOT correctly matched?

  1. Gross Domestic Product — 2022-23
  2. Index of Industrial Production — 2022-23
  3. Consumer Price Index — 2022-23
  4. Index of Core Industries — 2022-23
  • A. 1 and 2
  • B. 3 only
  • C. 4 only
  • D. 2 and 3

Q10. The revised new series of Gross Domestic Product and the Index of Industrial Production with base year 2022-23, released in 2026, were brought out by which one of the following?

  • A. National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation
  • B. Office of Economic Adviser under the Ministry of Commerce and Industry
  • C. Reserve Bank of India
  • D. NITI Aayog

Q11. Which one of the following best describes the Index of Core Industries in relation to the Index of Industrial Production (IIP)?

  • A. A high-frequency lead indicator measuring the combined output of key infrastructure industries that themselves form a component of the IIP
  • B. A price index measuring wholesale inflation in core sectors, maintained separately from the IIP
  • C. A comprehensive index that has replaced the IIP for measuring total industrial output
  • D. A quarterly index measuring the value added by core industries to GDP

Q12. As per the first new-series release, the following core industries are stated to have recorded positive year-on-year growth in June 2026: 1. Iron Ore 2. Cement 3. Refinery Products 4. Electricity Which of the above is/are NOT correctly identified?

  1. Iron Ore
  2. Cement
  3. Refinery Products
  4. Electricity
  • A. 3 only
  • B. 1 and 3
  • C. 4 only
  • D. 2 and 4