Tag: data

Quizzes (6) Questions (7)

Questions Related to data

Multiple choice economics data different types of data planning and collecting data primary and secondary data

Which of the following is not a method of collection of primary data.

  1. Questionnaires

  2. Interviews

  3. Demonstration

  4. Case studies
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Primary data is the data which is observed or collected from first hand experience.The main methods of primary data are as following
Questionnaires 
Interviews
Observations
Case studies
portfolios
critical incident
Questionnaire is a set or questions with a choice of answer for the purpose survey.
Interview is the technique used to understand people's attitudes,preferences or behavior.
Case studies involve measuring what is there and how it got there.
So we can see that data collected from Questionnaires,interviews and case studies will be categorized in primary data as these data is always collected from first hand experience.

Data collected in the past or other parties are called secondary data.Demonstration is a practical explanation or exhibition of how something works or is performed.So Demonstration will be categorized in Secondary data.

So option C is correct.
Multiple choice economics data different types of data planning and collecting data primary and secondary data

In the Merits of observation method:
Subject bias is ________ if the observation is done correctly.

  1. eliminated

  2. selected

  3. put on hold

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

If the subject bias is eliminated then there is no confusion of how the subjects act in the experiment. 

Therefore, if the observation is done correctly then it becomes the merit of the method.
Hence, the answer is eliminated.

Multiple choice economics data different types of data planning and collecting data primary and secondary data

Identify the demerits of observation method:

  1. Information provided is unlimited.

  2. Information provided is limited.

  3. Information provided can be limited/unlimited.

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

If the information or the given data is limited then sometimes it becomes difficult and understand and answer. Therefore, it becomes the demerit of the method.

Multiple choice economics data different types of data planning and collecting data primary and secondary data

________ is the data, which is collected for the first time by investigators.

  1. Published data

  2. Primary Data

  3. Processed data

  4. Secondary Data
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Primary data is the data, which is collected for the first time by investigators. It s also known as raw data. It is the first-hand information. It refers to the collection of data for a specific purpose.