Economy & Business MCQs

The Manufacturing PMI typically considers new orders, production, employment, supplier deliveries, and inventories. Government fiscal deficit is not a direct component.

A PMI reading above 50 indicates an expansion in the manufacturing sector compared to the previous month, while a reading below 50 indicates contraction.

PMI stands for Purchasing Managers' Index, which is a key economic indicator derived from monthly surveys of private sector companies.

The term 'ease' in the topic title indicates a projected decrease in India's retail inflation for FY25.

The projection of 4.5% for FY25 specifically refers to India's retail inflation, which is primarily measured by the Consumer Price Index (CPI).

India's retail inflation is projected to ease to 4.5% in FY25.

The RBI's forecast of 7.2% GDP growth is specifically for the fiscal year FY25.

The Reserve Bank of India (RBI) is the institution that maintained India's GDP growth forecast at 7.2% for FY25.

The Reserve Bank of India (RBI) has maintained its GDP growth forecast for India at 7.2% for the fiscal year FY25.

The Reserve Bank of India (RBI) is the institution that has projected inflation moderation to 4.5% for FY25.