Following are the primary source of market information except MCQ

The collection of data is a process through which the researcher uses methods like interviews, surveys, questionnaires, etc. to gather, collate and analyse data. Researchers are able to confirm or reject their initial hypothesis based on the insights generated from the collected data. The approach used for collecting data depends on the hypothesis and main objectives of the research. It is important to understand that the researcher must focus on collecting data that has more than adequate information, which can be further used for the purpose of statistical analysis to generate insights.

Below is a list of multiple-choice questions and answers on National Income to help students grasp the main concepts related to this topic.

  1. Which of the following are known as the types of research data?
    1. Organised data and unorganised data
    2. Qualitative data and quantitative data
    3. Processed data and unprocessed data
    4. None of the above
  2. Answer: b

  3. Which of the following statements is true about the collection of data?
    1. The data that is collected from the place of origin is known as primary data
    2. The data that is collected from the place of origin is known as secondary data
    3. The data that is collected from the place of origin is known as tertiary data
    4. None of the above
  4. Answer: a

  5. Which of the following statements is true about the source of data?
    1. The source of data that is collected and compiled by others is known as secondary data
    2. The source of data that is collected and compiled by others is known as tertiary data
    3. The source of data that is collected and compiled by others is known as primary data
    4. None of the above
  6. Answer: a

  7. Which of the following statements is true about data in research?
    1. The data used for research is quantitative
    2. The data used for research can be qualitative but never quantitative
    3. The data used for research can be both quantitative and qualitative
    4. The data used for research can be quantitative but never qualitative
  8. Answer: c

  9. Which of the following statements is not true about the collection of data?
    1. In the structured interview, the interviewer asks a set of pre-planned questions in a standard format
    2. In the observation method, the researcher collects data with the help of their observational skills
    3. In an indirect interview, the investigator directly asks the informants for the data
    4. In a direct interview, the researcher meets the interviewees directly to collect the data
  10. Answer: c

  11. Which of the following is an accurate representation of the process of conducting research?
    1. The formulation of hypothesis precedes the collection of data
    2. The formulation of hypothesis precedes the selection of research tools
    3. The formulation of hypothesis precedes the statement of objectives
    4. The formulation of hypothesis precedes the analysis of data
  12. Answer: a

  13. Which of the following statements is true about the census?
    1. The census involves a process of choosing a few units out of the entire population for collecting data
    2. The census involves a process of organising and publishing the data
    3. The census involves a process of collecting data from each and every unit
    4. None of the above
  14. Answer: c

  15. What is the meaning of cluster sampling?
    1. It is a process where the sampling universe is divided into multiple groups
    2. It is a process where the samples for a study is obtained through conscious selection
    3. It is a process where the samples for a study are selected at regular intervals
    4. It is a process through which the sample for a study is divided into multiple groups
  16. Answer: b

  17. Which of the following situations is suitable for direct personal investigation?
    1. It is suitable when the field of investigation is large and complex
    2. It is suitable when the information to be collected is complex and confidential
    3. It is suitable when the researcher needs second-hand data for their research
    4. It is suitable when direct contact with the interviewees is not possible
  18. Answer: b

  19. Which of the following is a drawback of the direct personal investigation?
    1. This method of investigation lacks reliability
    2. It is an extremely costly and time-consuming process
    3. The questions asked under this method can be subject to misinterpretation
    4. It is difficult to get original data using the direct personal investigation method
  20. Answer: b

  21. Which of the following situations is suitable for an indirect oral investigation?
    1. This method is suitable when the field of investigation is large
    2. This method is used when the informants are not capable of providing information to the investigator
    3. The indirect oral investigation method is suitable when it is not possible to talk to the respondents directly
    4. All of the above
  22. Answer: d

  23. Which of the following statements is true about the collection of data?
    1. The problem of doubtful confusion arises in the case of an indirect oral investigation
    2. The problem of doubtful confusion takes place when the information is accessed through correspondents
    3. The problem of doubtful confusion occurs when the researcher obtains data through mailed questionnaires
    4. The problem of doubtful confusion happens in the case of direct personal interviews
  24. Answer: a

  25. Which of the following is the main point of difference between primary data and secondary data?
    1. The collection of secondary data is costlier and more time consuming when compared to primary data
    2. The secondary data is always original whereas the primary data is not
    3. The primary data is much more reliable than secondary data because it is collected directly from respondents
    4. None of the above
  26. Answer: c

  27. Which of these statements is true for collecting information from a third party?
    1. The indirect oral investigation is used to collect data from the third parties
    2. The mailed questionnaire method is apt for gathering information from third parties
    3. Third parties prefer direct personal interviews to provide data to the researcher
    4. All of the above
  28. Answer: a

  29. The main feature of secondary source of data is that _________.
    1. It provides first-hand information to the researcher
    2. It is more reliable compared to primary data
    3. It implies that the data is collected from its original source
    4. It involves collecting data from existing sources that had gathered primary data beforehand for their research purpose
  30. Answer: d

Also See:

  • What are the sources of data?
  • Difference between primary and secondary market
  • Microeconomics and Macroeconomics

Which of the following is an example of a primary source?

Examples include interview transcripts, statistical data, and works of art. A primary source gives you direct access to the subject of your research. Continuous data is data that can take any value. Height, weight, temperature, and length are all examples of continuous data.

Which of the following is a secondary source of data?

These are sources that are derived from the primary source after some analysis. For example, biographies, dissertations, indexes, Reports of committees and commissions, Newspapers and magazines, etc. Hence, a questionnaire and an experiment both help to collect primary data. But data taken from a journal is called the secondary source of data.

What are the sources of information?

The sources from where we get information are called data sources and these may comprise documents, humans, institutions as well as mass media like newspapers, radio, television, etc.

What are the different levels of sales and marketing information system?

Identifying customers and markets using data on demographics, markets, consumer behaviour, and A. Operational-level sales and marketing information system. B. Knowledge-level sales and marketing information system. C. Management-level sales and marketing information system. D. Strategic-level sales and marketing information system. 41.

Which of the following is a primary source of information Mcq?

It includes primary periodicals, diaries, written accounts of events, newspapers, technical reports, dissertations, conference papers, research articles, patents, etc.

Which of the following is not part of the primary source of data Mcq?

Only the data directly collected by a person or an entity is primary data. Therefore, government-published records are secondary data.

Which of the following is the primary source information?

Examples of primary sources: Theses, dissertations, scholarly journal articles (research based), some government reports, symposia and conference proceedings, original artwork, poems, photographs, speeches, letters, memos, personal narratives, diaries, interviews, autobiographies, and correspondence.

Which is not an example of a primary source of information?

Primary sources are NOT... Books written after a historical event by someone who was not involved in the event. An interview with someone who has an opinion or is knowledgeable about a historical event, even if that person is an expert or a historian on the event. Wikipedia entries.