Urban,
I'm not familiar with the term, "exposure index." Never heard of it. Perhaps that erroneously influences the precise words that I use when writing about exposure. Having said that...
Originally Posted by
Inkanyezi
Exposure is the time the shutter is open and the amount of light the sensor receives during that time, completely unrelated to ISO setting.
I completely disagree that exposure as you define it is not at all related to the ISO setting. The sensitivity of the material that the light falls onto, whether it is an electronic sensor, film, glass, or whatever, directly affects the amount of time the shutter is open and the amount of light that falls upon it to achieve the photographer's desired results.