Which is a difference between primary and secondary data? MCQ with Answer and Explanation

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Which is a difference between primary and secondary data?

A. Primary data is collected for the specific purpose at hand

B. Primary data is cheaper than secondary data

C. Primary data requires less time

D. Secondary data is more reliable always

Answer: Option A

Solution (By JKSSB Mock Tests)

Primary data is gathered specifically for the study, while secondary data was collected for some other purpose.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The value that appears maximum number of times in a data set is called:

A. Median

B. Mean

C. Range

D. Mode

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Correct Answer: Option D

Explanation:
Mode is the most frequent value.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If NRR = 1, the population is:

A. Growing

B. Declining

C. Unstable

D. Exactly replacing itself

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Correct Answer: Option D

Explanation:
NRR of 1 indicates replacement level fertility, leading to zero population growth eventually.

This question belongs to: Accountancy and Statistics Statistics

Question #3

A coin is tossed three times. What is the probability of getting exactly two heads?

A. 3/8

B. 5/8

C. 1/8

D. 1/2

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Correct Answer: Option A

Explanation:
Sample space has 8 outcomes. Favorable (HHT, HTH, THH) = 3. Probability = 3/8.

This question belongs to: Accountancy and Statistics Statistics

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