Which of the following is a disadvantage of secondary data? MCQ with Answer and Explanation

Which of the following is a disadvantage of secondary data?
A. May not fit the exact purpose of the study
B. Saves time
C. Cheaper to collect
D. Readily available
Answer: Option A
Solution (By JKSSB Mock Tests)
Secondary data was collected for a different purpose, so it may not perfectly match the current research objective in terms of definitions, coverage, or time period.

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Practice More Statistics Questions

Question #1
Assertion (A): The population of India is increasing but the decadal growth rate has declined between 2001-2011 compared to 1991-2001. Reason (R): The total fertility rate in India has been declining. Choose the correct option:
A. Both A and R are true, and R is the correct explanation of A
B. A is false, R is true
C. A is true, R is false
D. Both A and R are true, but R is not the correct explanation of A

Correct Answer: Option A


Explanation:
The decadal growth rate declined from 21.54% to 17.64%, and this is largely due to falling fertility. R explains A.

This question belongs to: Accountancy and Statistics Statistics
Question #2
In a dataset with an even number of observations, the median is calculated as:
A. The weighted average of all observations
B. The average of the two middle observations
C. The most frequent observation
D. The middle observation

Correct Answer: Option B


Explanation:
For an even number of ordered observations, the median is the arithmetic mean of the two central values, ensuring it represents the center of the distribution.

This question belongs to: Accountancy and Statistics Statistics
Question #3
Chain base index numbers are constructed using:
A. Fixed base year weights
B. Geometric mean of price relatives only
C. Link relatives with shifting base
D. Average of Laspeyres and Paasche

Correct Answer: Option C


Explanation:
Chain indices are compiled by linking relative changes (link relatives) where each period is compared with the immediately preceding period.

This question belongs to: Accountancy and Statistics Statistics