Which of the following statements is true in context of CriSidEx ........

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Which of the following statements is true in context of CriSidEx?

It is an index developed jointly by IMD and NDMA that measures the vulnerability of a place to natural hazards and crisis

It is an index that measures the movement of currencies in international market

CriSidEx is the name of the joint military exercise between India and ASEAN members

CriSidEx is a composite index, developed jointly by CRISIL & SIDBI, that measures business sentiment of Micro & Small Business sentiments.

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Explanation:

India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL and SIDBI CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive) .
CriSidEx will have 2 indices, one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey, providing independent time series data.
The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies. And by capturing the sentiment of exporters and importers, it will also offer actionable indicators on foreign trade.