In the Index of Eight Core Industries', which one of the following is given the highest weight?
Correct Answer: Option B
Explanation
1. The Index of Eight Core Industries (ICI) measures the collective performance of production in selected eight core industries in India.
2. These eight industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
3. The weights are assigned based on their share in the Index of Industrial Production (IIP).
4. In the Index with the base year 2011-12 (which was applicable around 2015 and continues to be used), the weights are as follows (approximately):
- Refinery Products: 28.04%
- Electricity generation: 19.85%
- Steel production: 17.92%
- Coal production: 10.33%
- Crude Oil: 8.98%
- Natural Gas: 6.88%
- Cement: 5.37%
- Fertilizer production: 2.63%
5. Among the options given, Electricity generation has the highest weight (19.85%).
6. Therefore, the correct answer is (B). *Note: Refinery Products has the highest overall weight in the index, but it was not provided as an option.*
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