Tag: planning and collecting data

Questions Related to planning and collecting data

Unique Identification Authority of India will set up data basic for __________.

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

  1. identity and bio metrics details of Indian residents

  2. identity and bio metrics details of Indian citizens

  3. identity and bio metrics details of persons residents in India or visiting India

  4. all the above

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Correct Option: B

Statistical data are collected only with____.

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

  1. 100% perfection

  2. a reasonable degree of accuracy

  3. a reasonable degree of inaccuracy

  4. all of the above

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Correct Option: B
Explanation:
Statistical facts can be affected by multiple causes, there is a lot of scope for error to be embedded in the data collected, one reason is that people interviewed may be lying. There may be bias on the part of the interviewer etc. Thus large samples are taken to ensure error is reduced.

Statistical data relating to any subject could be collected____.

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

  1. by actual counting

  2. by measurement

  3. by estimation

  4. any of the above

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Correct Option: D
Explanation:

Statistical data relating to any subject could be collected by any of the following- by actual counting, by measurement and by estimation. By a system of measuring a particular information, data could be collected by measurement. Whereas, by estimation, a point estimate is calculated to obtain a statistical data.

Statistical data of estimation should ________________.

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

  1. be able to draw meaningful conclusion

  2. have reasonable accuracy

  3. both A & B

  4. none of the above

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Correct Option: C
Explanation:

Statistical data should be numerically expressed and collated in a way that it enables to draw conclusions. Data should be collected with a purpose in order to for it to be accurate. It can be estimated to a degree as it may be highly impossible to collect data for the entire population, thus data that has reasonable accuracy is sufficient. 

The collection of statistical data must be in a _____ manner.

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

  1. careful

  2. syntematic

  3. careful and systematic

  4. arbitrary

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Correct Option: C
Explanation:

Data should try to be collected as accurately as possible to ensure that error is minimum. As there could be undesirable consequences if the the data that is full of errors is the foundation of future research. 

Some of the sources of published data are_______.

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

  1. ILO

  2. IBRD

  3. WFCO

  4. All of the above

Show answer
Correct Option: D
Explanation:
Some of the sources of published data are:
a) ILO stands for International Labour Organization.
b) IBRD stands for International Bank for Reconstruction and Development.
c) WFCO is also a source of published data.

Secondary data is the data collected ________________.

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

  1.  by investigation

  2. from published sources

  3. by conducting survey

  4. Both A & C

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Correct Option: B
Explanation:

Secondary data is second hand data, it is data that has already been collected (likely with a different purpose in mind) and/or published. 

In order to save time and money, economists may collect their data by __________.

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

  1. door to door survey

  2. the use of censuses

  3. using the earlier research papers

  4. the use of samples

Show answer
Correct Option: D
Explanation:

In order to  save time and money, economists may collect their data by the use of samples.An observed set of the population that has been selected for analysis is called a sample. A sample is a small part of the whole information.

Data is_______________.

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

  1. Collectio of information about a person

  2. Collection of information regarding the comparative things

  3. Both A & B

  4. None of the above

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Correct Option: B
Explanation:

Data is collection of information regarding the comparative things. Data can consist both qualitative as well as quantitative information. It is usually formatted in a specific way.

When data is classified on the basis of attribute it is termed as________.

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

  1. Geographical

  2. Qualitative

  3. Chronological

  4. Both a&c

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Correct Option: B
Explanation:

When data is classified on the basis of attribute it is termed as qualitative data. Qualitative data highlights the quality of the information. Attribute gets the special emphasis in analysing the data.