Tag: primary and secondary data

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Questions Related to primary and secondary data

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

The estimation of consumer demand by questioning a sample of consumer is referred to as the _________________.

  1. consumer survey approach

  2. product survey approach

  3. selling approach

  4. marketing approach
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The estimation of consumer demand by questioning a sample of consumer is referred to as the consumer survey approach. Estimation of consumer demand helps to analyse consumer's behaviour.

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

After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the ______________.

  1. consumer survey approach

  2. observational approach

  3. consumer clinic approach

  4. product research approach
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the consumer clinic approach. It is also known as 'Laboratory type' experiment. By this approach, a sample of consumers is given a specific budget and asked to plan out their expenditure.

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

For checking how many students scored above $80\%$ marks in a class what should be the source of data?

  1. Secondary data

  2. Mailed questions

  3. Direct investigation

  4. Sample investigation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For checking how many students scored above  80% marks in class, direct investigation should be conducted to collect the necessary data. Hence, direct investigation should be the source of data. Direct investigation is conducted by collecting the data directly from the students of the respective class.

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

Indirect oral investigation method of collection of data is to be used when ______________.

  1. the source is reluctant to give the infromation

  2. when there is less time

  3. when the finances are less

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indirect oral investigation method of collection of data is to be used when the source is reluctant to give the information. People who have sufficient knowledge about the issue, are asked questions and data is obtained from their answers.

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

Secondary data should be _______________.

  1. accurate

  2. reliable

  3. suitable

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Secondary data is the second-hand information since the secondary  data is not collected or gathered by the user. It should be accurate, reliable and suitable. For example, government censs report is a secondary data.

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

Data collected by research institutions is ________________.

  1. primary data

  2. secondary unpublished data

  3. secondary published data

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Primary data is also known as raw data. It is the first-hand information. Data collected or gathered by research institutions is primary data. Primary data is collected only for a specificc purpose.