Which statement is TRUE about August 2016 IIP Data ?
A. IIP falls 0.7% in August 2016
B. IIP remains unchanged
C. IIP increase by 2% in August 2016
D. IIP increase by 1.2% in August 2016
Answer:A
Which statement is TRUE about August 2016 IIP Data ?
A. IIP falls 0.7% in August 2016 B. IIP remains unchanged C. IIP increase by 2% in August 2016 D. IIP increase by 1.2% in August 2016
Explanation: Industrial production contracted for a second straight month in August 2016, raising doubt over manufacturing recovery and justifying the interest rate cut by the Monetary Policy Committee (MPC) last week. Check Detail Explanation at INDIA GK" App: tinyurl.com/IndiaGK