BANKING GENERAL KNOWLEDGE
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Question
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HDFC
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HSBC
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ICICI
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EXIM Bank of India
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Detailed explanation-1: -The Purchasing Manager’s Index (PMI) is an economic indicator derived from the monthly survey of the private sector companies. PMI aims in providing information regarding the current and future conditions of a business to the decision-makers, analysts and investors of the company.
Detailed explanation-2: -How the Purchasing Managers’ Index Works. The PMI is compiled and released monthly by the Institute for Supply Management (ISM). The PMI is based on a monthly survey sent to senior executives at more than 400 companies in 19 primary industries, which are weighted by their contribution to U.S. GDP.
Detailed explanation-3: -The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%).