With reference to the Index of Services Production (ISP), consider the following services: 1. Public administration and defence 2. Gambling and betting activities 3. Government-provided health and education services 4. Banking and insurance services Which of the above services are currently excluded from the coverage of the ISP? |ForumIAS

Q. With reference to the Index of Services Production (ISP), consider the following services:
1.Public administration and defence
2.Gambling and betting activities
3.Government-provided health and education services
4.Banking and insurance services
Which of the above services are currently excluded from the coverage of the ISP?

[A] 1, 2 and 3 only

[B] 2 and 4 only

[C] 1 and 4 only

[D] 1, 2, 3 and 4

Answer: A

Notes:

Explanation: The ISP currently excludes sectors such as public administration and defence, gambling and betting activities, and government-provided health and education services due to their non-market or government-dominated nature. However, banking and insurance services are included in the index; only certain financial services other than banking and insurance are excluded.

Source- PIB

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