Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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

Under _________, a well designed questionnaire is mailed to the informants with a request to fill it up and return the same within the specific time schedule.

  1. direct personal interview method

  2. mailed questionnaire method

  3. information received from local agencies or correspondents

  4. indirect oral interview method
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under mailed questionnaire method, a well designed questionnaire is mailed to the informants with a request to fill it up and return the same within the specific time schedule. By this method, a wide range of people can be connected.

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

Statistical data relating to any subject could be collected ______________.

  1. by actual counting

  2. by measurement

  3. by estimation

  4. Any of the avove
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

The quickest method to collect primary data is _____________.

  1. personal interview

  2. indirect interview

  3. mailed questionnaire method

  4. telephonic survey
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The quickest method to collect primary data is telephonic survey. A wide range of people can be connected through this method. People are asked questions through the use of telephone and data is collected according to their answers.

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

Which of the following method comes first in collecting primary and secondary data?

  1. Questionnaire Method

  2. Panel Method

  3. Observation Method

  4. Interview Method
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In observation method, the data is collected from the field with the help of the observer.


Therefore, the observation method comes first in collecting primary and secondary data.

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

Which of the following is/are not the methods of collection of primary data.

  1. Observation Method

  2. Interview Method

  3. Questionnaire Method

  4. Alternative Method
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

There are various methods for the collection of primary data mainly in surveys and descriptive researches.

The observation, interview and questionnaire methods, we collect the primary data. 

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

A list of all units under study is known as _________.

  1. type of inquiry

  2. the frame

  3. standard of accuracy

  4. method of data collection
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Sampling Frame refers to the set of people or objects in the population from whom the information can be collected or who can be sampled for the purpose of gathering information.

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

Which of the following is a very costly and time-consuming method?

  1. Mailed questionnaries

  2. Schedules sent through enumerators

  3. Information through agencies

  4. Indirect oral interview
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Schedules sent through enumerator is a method for collecting primary data in which schedules are sent to the enumerators and then they collect the data. It is a very time consuming method and costly.

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

The basis for all scientific sampling is ____________.

  1. simple random sampling

  2. systematic sampling

  3. stratified sampling

  4. cluster sampling
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Scientific sampling is a process in which individuals are chosen randomly that every individual present in the population has an equal chance of getting selected without any personal biasness i.e. simple random sampling.

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

Simple random sample gives __________.

  1. equal chance to all items in the population

  2. preferences to some items in the population

  3. equal chance to all items in national income

  4. both (B) and (C)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple random sampling refers to the process when every individual present in the population has an equal chance of being selected without any personal judgement.