economics medium mcq

MoSPI's newly released trial Index of Services Production (ISP) uses which year as its base year?

  1. 2020-21
  2. 2022-23
  3. 2024-25
  4. 2025-26

Answer: 2024-25

The trial ISP, covering 19 services sub-sectors, uses 2024-25 as its base year and is based on the National Industrial Classification (NIC), 2025.
Topic Economy — Statistics & Indices
Exam Relevance UPSC Prelims (GS3), SSC CGL, Banking GA

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