Primary data is collected: MCQ with Answer and Explanation

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Primary data is collected:

A. From government reports

B. From published sources

C. From old records

D. By the investigator for the first time for a specific purpose

Answer: Option D

Solution (By JKSSB Mock Tests)

Primary data is original data gathered directly by the researcher for the current study.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately:

A. 116.0

B. 114.0

C. 115.5

D. 114.9

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Correct Answer: Option D

Explanation:
Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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If Q = -1, attributes exhibit:

A. Perfect positive association

B. Perfect negative association

C. Independence

D. No relationship

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Correct Answer: Option B

Explanation:
Q = -1 when ad=0, i.e., complete negative association.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Infant Mortality Rate (IMR) is the number of deaths of infants under age 1 per:

A. 1000 population

B. 1000 women

C. 1000 children

D. 1000 live births

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Correct Answer: Option D

Explanation:
IMR = (Infant deaths < 1 year / Live births) × 1000.

This question belongs to: Accountancy and Statistics Statistics

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