Which of the following best defines primary data? MCQ with Answer and Explanation

Which of the following best defines primary data?
A. Data that has been analyzed and interpreted by another researcher
B. Data collected by an investigator for the first time for a specific purpose
C. Data obtained from previously published sources
D. Data collected through secondary sources like journals and reports
Answer: Option B
Solution (By JKSSB Mock Tests)
Primary data is original data collected firsthand by the investigator specifically for the current research purpose, distinguishing it from secondary data which is pre-existing.

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Practice More Statistics Questions

Question #1
A Census aims at:
A. Complete enumeration of the population
B. Recording only births
C. Collecting income data only
D. Sample enumeration

Correct Answer: Option A


Explanation:
Census is the process of collecting data about every individual in the country at a specific point in time.

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Question #2
Which of the following index numbers suffers from upward bias?
A. Paasche's Index
B. Laspeyres' Index
C. Kelly's Index
D. Fisher's Index

Correct Answer: Option B


Explanation:
Laspeyres uses base-year quantities, ignoring the substitution effect when prices rise, causing an upward bias in inflation estimates.

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Question #3
In the Theory of Attributes, an attribute whose presence is denoted by a capital letter (e.g., A) is called a:
A. Negative attribute
B. Associated attribute
C. Positive attribute
D. Independent attribute

Correct Answer: Option C


Explanation:
Positive attributes denote the presence of a characteristic and are traditionally represented by capital letters.

This question belongs to: Accountancy and Statistics Statistics