Primary data is collected: MCQ with Answer and Explanation

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Primary data is collected:

A. From old records

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

C. From published sources

D. From government reports

Answer: Option B

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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Which of the following is a measure of fertility?

A. Standardized Death Rate

B. Maternal Mortality Ratio

C. Infant Mortality Rate

D. Total Fertility Rate

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Correct Answer: Option D

Explanation:
Total Fertility Rate (TFR) measures the average number of children a woman would bear; it's a fertility measure.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Cost of Living Index adjustments are most relevant for:

A. Stock market investments

B. Wage negotiations and social security benefits

C. International trade agreements

D. Corporate profit calculations

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Correct Answer: Option B

Explanation:
Cost of Living Indices inform wage indexation, pension adjustments, and welfare benefits to maintain purchasing power amid inflation, directly impacting household economic security.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The formula for weighted arithmetic mean is:

A. Σw / Σx

B. Σwx / Σw

C. Σwx / n

D. Σx / Σw

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Correct Answer: Option B

Explanation:
Weighted mean = Σ(w_i x_i) / Σ w_i.

This question belongs to: Accountancy and Statistics Statistics

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