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

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 secondary unpublished data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.

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

Which amongst there is the most expensive way of collecting data? 

  1. Questionnaire through enumerator

  2. Telephonic survey

  3. Direct personal interview

  4. Indirect oral investigation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The most expensive way of collecting data is questionnaire through enumerator. Since the arrangements are to be done for the enumerator to question the population.

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

Primary data is _______________.

  1. first hand information

  2. already published data

  3. original in nature

  4. (A) and (C)
Reveal answer Fill a bubble to check yourself
D 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. It is original in nature since it is collected directly by the user.

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

The sources from where primary data can be collected are known as _______________.

  1. outside sources

  2. secondary sources

  3. primary sources

  4. inside sources
Reveal answer Fill a bubble to check yourself
C 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. The sources from where primary data can be collected are known as primary sources.