exactly

does (exactly) what it says on the box

(Something) does precisely what it claims or is supposed to do. Primarily heard in Ireland. This budget hostel isn't glamorous but does exactly what it says on the box: it gives you a place to sleep at a very affordable price. This no-frills antivirus software is straightforward and does what it says on the box.
See also: box, does, on, say, what

does (exactly) what it says on the tin

(Something) does precisely what it claims or is supposed to do. Primarily heard in UK, Ireland. This budget hostel isn't glamorous but does exactly what it says on the tin: it gives you a place to sleep at a very affordable price. This no-frills antivirus software is straightforward and does what it says on the tin.
See also: does, on, say, tin, what

exactly right

Completely right. "Exactly" here is mostly used for emphasis. That's exactly right! Good job, John. You're exactly right—seven times eight is 56.
See also: exactly, right

not exactly

1. Not quite; not too far from the truth. A: "So you'll be moving back to the city for the new job then?" B: "Not exactly. The wife and kids will stay where they are, and I'll commute back to them for the weekends." A: "Does that make me the manager?" B: "Not exactly—more like a co-manager with Ken."
2. Used sarcastically or ironically to mean "not at all." What do you think of the painting? I'm not exactly Picasso, but I think it turned out pretty well. They won't exactly be pleased to see us after the way the last dinner party went.
See also: exactly, not
Farlex Dictionary of Idioms.

not exactly

(spoken)
1 used when you are saying the opposite of what you really mean: He wasn’t exactly pleased to see us — in fact he refused to open the door. It’s not exactly beautiful, is it? (= it’s ugly)
2 used when you are correcting something that somebody has said: ‘So he told you you’d got the job?’ ‘Not exactly, but he said they were impressed with me.’
See also: exactly, not
Farlex Partner Idioms Dictionary
See also:
  • does (exactly) what it says on the box
  • does (exactly) what it says on the tin
  • does what it says on the tin
  • chip
  • chips
  • up on (one's) ear
  • something on a shingle
  • stew on a shingle
  • Two Bob
  • mutton
References in classic literature
'Now,' she began, 'be sure you do exactly in every respect what I tell you.
The gate opened, the inhabitants fell sound asleep, and he walked down the passage till he found the girl on her bed, exactly as he had been told he would.
It was they who changed the little house you saw before you into the fountain for which you are now asking, and, having turned me into a frog, they ordered me to say to the first person who came to the fountain exactly what I repeated to you.
Yellow Fairy Book
Mortimer looked at his watch--"in exactly one hour and a quarter."
"Exactly. But surely, if your supernatural theory be correct, it could work the young man evil in London as easily as in Devonshire.
"Exactly. My body has remained in this armchair and has, I regret to observe, consumed in my absence two large pots of coffee and an incredible amount of tobacco.
"Exactly. I fancy the yew alley, though not marked under that name, must stretch along this line, with the moor, as you perceive, upon the right of it.
The Hound of the Baskervilles
I had after this described the reasonable soul, and shown that it could by no means be educed from the power of matter, as the other things of which I had spoken, but that it must be expressly created; and that it is not sufficient that it be lodged in the human body exactly like a pilot in a ship, unless perhaps to move its members, but that it is necessary for it to be joined and united more closely to the body, in order to have sensations and appetites similar to ours, and thus constitute a real man.
Reason For Discourse
Now that the general public has the barebones knowledge regarding black holes and such, let's get down to what exactly happened that have puzzled scientists and astronomers alike.
OUR GALAXY'S BLACK HOLE SHOOTS OUT A BRIGHT LIGHT, LEAVES SCIENTISTS BAFFLED
Boko Haram Insurgents invaded a village at Chibok, Borno State, wreaking havoc, exactly five years into the abduction of 276 girls from Government Girls Secondary School, Chibok.
Boko Haram attacks Chibok on 5th anniversary of 'Bring Back Our Girls'
Russia and Putin know exactly what the problem is and Russia and Putin know exactly how to solve the problem.
To Russia With Love: Withdraw your 9M729s ASAP
Summary: Los Angeles [United States], January 9 (ANI): If you are having a rough day, Doppel wearable is exactly what you need.
CES 2019: This minimal wearable is a wristwatch that helps you relax
ISLAMABAD ndash Narrating his successful journey and the struggle that he has had to endure all through it, Foreign Minister Shah Mehmood Qureshi revealed that after striving for all those years, he is exactly where he wanted to be.
After successful struggle of 7 long years, I'm exactly where I was 7 years ago: Shah Mehmood Qureshi
As for Rangers, I know exactly what we are going into this week.
DARKO UP FOR SCRAP
Hitting out at the spiritual boy, who perhaps realised he doesn't have a career in comedy, Megan claimed he "wasn't exactly Jim Carrey".
Love Island's Megan drops killer blow by humiliating Eyal with 'best line of the series'; The model left Love Island viewers in hysterics during her tense break-up chat with gutted Eyal