Understanding the Purchasing Managers’ Index (PMI) for UPSC

Description

Purchasing Managers’ Index (PMI)

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Context

India’s manufacturing activity witnessed a dip in April from the 16-year high in March.
India’s manufacturing Purchasing Managers' Index fell to 58.8 in April from 59.1 in March.

ALL ABOUT PMI: https://www.iasgyan.in/daily-current-affairs/purchasing-managers-index-20

PRACTICE QUESTION

Q. Which organization initiated the Purchasing Managers' Index (PMI) survey in 1948, subsequently making it a widely monitored indicator of business activity globally?

a) United Nations Development Programme (UNDP)

b) International Monetary Fund (IMF)

c) World Bank

d) Institute of Supply Management (ISM)

Answer d)