Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Collection of Data

Question:

How is data collected during a survey?

Options:

By observing market trends

By gathering information from individuals

By analyzing historical records

By conducting experiments

Correct Answer:

By gathering information from individuals

Explanation:

The correct answer is Option 2: By gathering information from individuals

Surveys gather information from individuals by asking questions about specific characteristics of interest, such as product quality or candidate popularity.

Statistical data can be obtained from two sources. The researcher may collect the data by conducting an enquiry. Such data are called Primary Data, as they are based on first hand information. Suppose, you want to know about the popularity of a filmstar among school students. For this, you will have to enquire from a large number of school students, by asking questions from them to collect the desired information. The data you get, is an example of primary data.

If the data have been collected and processed (scrutinised and tabulated) by some other agency, they are called Secondary Data. They can be obtained either from published sources such as government reports, documents, newspapers, books written by economists or from any other source, for example, a website. Thus, the data are primary to the source that collects and processes them for the first time and secondary for all sources that later use such data. Use of secondary data saves time and cost. For example, after collecting the data on the popularity of the filmstar among students, you publish a report. If somebody uses the data collected by you for a similar study, it becomes secondary data.