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Consider the following statements regarding Purchasing Managers’ Index (PMI).
  1. Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies.
  2. It is applicable only for manufacturing and not for the service sector.
  3. A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    1, 2
  • c)
    1, 3 
  • d)
    1, 2, 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Purchasing Managers’...
It is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. PMI Manufacturing gives an indication of the economic health of the manufacturing sector. The most followed PMI readings come from Markit and Institute of Supply Management.
It is calculated separately for the manufacturing and services sectors and then a composite index too is constructed.
A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity. The higher the difference from this mid-point of 50, greater the expansion or contraction.
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Consider the following statements regarding Purchasing Managers’...
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Consider the following statements regarding Purchasing Managers’ Index (PMI). Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. It is applicable only for manufacturing and not for the service sector. A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Purchasing Managers’ Index (PMI). Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. It is applicable only for manufacturing and not for the service sector. A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Purchasing Managers’ Index (PMI). Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. It is applicable only for manufacturing and not for the service sector. A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Purchasing Managers’ Index (PMI). Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. It is applicable only for manufacturing and not for the service sector. A figure above 50 denotes an expansion while anything below 50 denotes a contraction in activity.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
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