Data collected from a published report of the World Bank is called: MCQ with Answer and Explanation

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Data collected from a published report of the World Bank is called:

A. Secondary data

B. Primary data

C. Raw data

D. Meta data

Answer: Option A

Solution (By JKExamLibrary)

Published reports contain data already gathered by someone else, hence secondary data.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

Which of the following is NOT an application of the Consumer Price Index (CPI)?

A. Wage negotiations and determining Dearness Allowance

B. Measuring macroeconomic industrial output

C. Deflating income to find real income

D. Measuring inflation for households

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Correct Answer: Option B

Explanation:
Industrial output is measured by the Index of Industrial Production (IIP). CPI measures the retail price impact on consumers.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

The concept of 'population momentum' refers to:

A. Tendency of population to grow despite declining fertility due to large reproductive-age population

B. Urbanization rate

C. Net migration

D. Increase in life expectancy

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Correct Answer: Option A

Explanation:
Population momentum is the built-in growth potential resulting from a young age structure, even if fertility drops to replacement level.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

If P(A)=0.4, P(B)=0.5, and A and B are independent, then P(A∪B) is:

A. 0.7

B. 0.9

C. 0.2

D. 0.5

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Correct Answer: Option A

Explanation:
0.4+0.5 - (0.4×0.5)=0.9-0.2=0.7.

This question belongs to: Accountancy and Statistics Statistics

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