A
2 only
B
Both 1 and 2
C
Neither 1 nor 2
D
1 only
Correct answer: (a) 2 only
Explanation
Statement 1 is incorrect because the ISP is compiled by the Ministry of Statistics and Programme Implementation (MoSPI), not the Ministry of Commerce and Industry. Statement 2 is correct because the ISP is designed to monitor monthly performance and output trends specifically in the services sector, complementing the IIP.
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UPSC has asked this before
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