Which of the following statements about secondary data is NOT correct? MCQ with Answer and Explanation

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Which of the following statements about secondary data is NOT correct?

A. It is already collected data that may be used by another researcher.

B. It can be obtained from published reports.

C. It is always tailored to the researcher's specific objective.

D. It is often less expensive to obtain than primary data.

Answer: Option C

Solution (By JKSSB Mock Tests)

Secondary data was collected for another purpose, so it may not fit the current research objective perfectly; it is not always tailored.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

Fisher's ideal quantity index formula is:

A. (Σp₀q₁/Σp₀q₀) × 100

B. √[ (Σp₁q₀/Σp₀q₀) × (Σp₁q₁/Σp₀q₁) ] × 100

C. √[ (Σp₀q₁/Σp₀q₀) × (Σp₁q₁/Σp₁q₀) ] × 100

D. (Σp₁q₁/Σp₁q₀) × 100

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Correct Answer: Option C

Explanation:
Fisher's quantity index is the geometric mean of Laspeyres and Paasche quantity indices.

This question belongs to: Accountancy and Statistics Statistics

Question #2

In attribute theory, the class frequency (Aβ) indicates objects possessing:

A. Both A and B

B. A but not B

C. Neither A nor B

D. B but not A

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Correct Answer: Option B

Explanation:
β denotes absence of B, so (Aβ) = possessing A and not B.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which measure of central tendency can be used for qualitative data?

A. Mode

B. Harmonic mean

C. Arithmetic mean

D. Median

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Correct Answer: Option A

Explanation:
Mode identifies the most frequent category, so it can be used for nominal qualitative data.

This question belongs to: Accountancy and Statistics Statistics

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