Class 11 Economics Important Chapter 21 Index Numbers Solutions English Medium As Per AHSEC New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters ASSEB Class 11 Economics Important Solutions and select need one. AHSEC Class 11 Economics Additional Notes English Medium Download PDF. HS 1st Year Economics Important Solutions in English.
Class 11 Economics Important Chapter 21 Index Numbers
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. Assam AHSEC Board Class 11 Economics Additional Question Answer are part of All Subject Solutions. Here we have given HS 1st Year Economics Important Notes in English for All Chapters, You can practice these here.
Index Numbers
Chapter: 21
| PART – B : STATISTICS FOR ECONOMICS |
| IMPORTANT QUESTION AND ANSWER |
Short Type Questions and Answers:
1. Who publishes the Index of Industrial Production (IIP) in India?
Ans: The National Statistics Office (NSO).
2. What does the IIP measure?
Ans: It measures changes in industrial production.
3. What is the current base year for IIP in India?
Ans: 2011-12.
4. What type of index is the IIP?
Ans: A quantum index.
5. Name one of the three main industrial groups used in constructing IIP.
Ans: Mining
6. Which industrial group has the highest weight in IIP?
Ans: Manufacturing.
7. What is the weight assigned to manufacturing in IIP?
Ans: 79.36.
8. What is the weight assigned to mining in IIP?
Ans: 10.47.
9. What is the weight assigned to electricity in IIP?
Ans: 10.17.
10. Name one metallurgical industry included in IIP data collection.
Ans: Iron and steel.
11. What formula is generally used for constructing the IIP?
Ans: Simple arithmetic mean.
12. In IIP calculation, what does qtq_tqt represent?
Ans: Production in the current year.
13. In IIP calculation, what does q0q_0q0 represent?
Ans: Production in the base year.
14. In IIP calculation, what does www stand for?
Ans: Weights.
15. Who assigns the weights to different industries in IIP?
Ans: The statistical authorities based on relative importance.
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