The primary advantage of secondary data is: MCQ with Answer and Explanation

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The primary advantage of secondary data is:

A. Tailored to research need

B. High accuracy

C. Unique

D. Saves time and money

Answer: Option D

Solution (By JKExamLibrary)

Secondary data is already available, reducing time and cost of collection.

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 true about the mode?

A. Can be more than one

B. Always less than mean

C. Always equal to median

D. Always unique

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Correct Answer: Option A

Explanation:
A distribution can be bimodal or multimodal.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Life expectancy at birth is calculated from:

A. Total fertility rate

B. Age-specific death rates through a life table

C. Crude birth rate

D. Census data only

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Correct Answer: Option B

Explanation:
Life tables use age-specific mortality rates to compute life expectancy.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

The CPI (Rural) and CPI (Urban) are released by:

A. RBI

B. Finance Ministry

C. National Statistical Office

D. Labour Bureau

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Correct Answer: Option C

Explanation:
NSO compiles CPI for rural and urban areas separately.

This question belongs to: Accountancy and Statistics Statistics

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