Economy & Business MCQs - 2026-06-21

Manufacturing has the highest weightage in the IIP, accounting for approximately 77.6% of the total index.

The current base year for the Index of Industrial Production (IIP) in India is 2011-12.

The Index of Industrial Production (IIP) is compiled and published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

The Governor of the Reserve Bank of India serves as the ex-officio Chairperson of the Monetary Policy Committee.

The MPC consists of six members: three from the RBI and three appointed by the Central Government.

The RBI's Monetary Policy Committee has kept the repo rate unchanged at 6.5% to ensure inflation aligns with the target while supporting growth.