Which of the following is a method of collecting primary data? MCQ with Answer and Explanation

Which of the following is a method of collecting primary data?
A. Referring to old records of a company
B. Using published journals
C. Schedules sent through enumerators
D. Extracting data from internet
Answer: Option C
Solution (By JKExamLibrary)
Schedules filled by enumerators is a primary data collection method; the others are secondary sources.

This question belongs to: Accountancy and Statistics Statistics

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As per Census 2011, which state had the highest population density among major states?
A. West Bengal
B. Uttar Pradesh
C. Kerala
D. Bihar

Correct Answer: Option D


Explanation:
Bihar had the highest density (1106 persons/sq km) among the major states in 2011.

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Question #2 Report Error
The time reversal test checks whether an index number yields consistent results when:
A. Weights are changed
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D. The formula is applied to different data

Correct Answer: Option C


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The product of the forward and backward indices should be 1.

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Question #3 Report Error
Which formula fails the Factor Reversal Test?
A. Laspeyres' Index
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D. Both B and C

Correct Answer: Option D


Explanation:
Only Fisher's Ideal Index satisfies both the Time Reversal and Factor Reversal Tests; Laspeyres and Marshall-Edgeworth fail the factor test.

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