Which of the following statements is/are correct about the Index of Industrial Production (IIP)? 1. The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time. 2. It is calculated by the Office of the Economic Adviser under the Ministry of Commerce & Industry. Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about the Index of Industrial Production (IIP)? 1. The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time. 2. It is calculated by the ...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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