Multiple Choice Questions on With reference to Purchasing Managers Index consider following statements It provides an insight int........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to Purchasing Managers Index consider following statements It provides an insight int...........

Economic Affairs Growth and Indicators
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    With reference to Purchasing Managers Index, consider following statements

    1. It provides an insight into the business activity pertaining to both the manufacturing and services sector.
    2. It is compiled and released by IHS Markit.

    Select the correct statement.

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both

    Correct Answer

    None

    Incorrect Answer
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    Explanation:
    • PMI is compiled by IHS Markit for more than 40 economies worldwide. IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. 
    • Purchasing Managers’ Index (PMI) is an indicator of business activity – both in the manufacturing and services sectors. It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed. Hence both statements are correct.

    By: Shubham Tiwari
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