A major disadvantage of secondary data is: MCQ with Answer and Explanation

Question
A major disadvantage of secondary data is:
A. Originality
B. May not suit the present research objective
C. Time consuming
D. High cost
Answer: Option B
Solution (By JKSSB Mock Tests)
Secondary data was collected for a different purpose; definitions and coverage may differ.
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
Three dice are rolled. The probability of getting a sum of 5 is:
A. 5/216
B. 1/36
C. 10/216
D. 15/216
Discuss
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Correct Answer: Option B

Explanation:
Combinations: (1,1,3) and (1,2,2) each with 3 permutations, total 6 favorable. 6/216 = 1/36.
This question belongs to: Accountancy and Statistics Statistics
Question #2
Wholesale Price Index (WPI) is primarily used by policymakers to monitor:
A. Consumer inflation
B. Asset price bubbles
C. Wage growth
D. Producer and wholesale market inflation
Discuss
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Correct Answer: Option D

Explanation:
WPI reflects price changes at the wholesale/producer level, serving as an early indicator of inflationary pressures in the production pipeline before they reach consumers via CPI.
This question belongs to: Accountancy and Statistics Statistics
Question #3
Pre-testing of a questionnaire refers to:
A. Trying out the questionnaire on a small group to identify problems
B. Printing the questionnaire
C. Administering the questionnaire to the actual sample
D. Analyzing pilot data
Discuss
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Correct Answer: Option A

Explanation:
Pre-test (pilot study) helps detect ambiguous questions and practical difficulties before the main survey.
This question belongs to: Accountancy and Statistics Statistics
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