Economics Data Collection and Presentation Quiz

What is the meaning of data in economics?

• Information on various things around us

• Qualitative information providing facts in an aggregate manner

• Quantitative information providing facts in an aggregate manner

• Information about income, population, prices, etc.

What are the methods of collecting primary data?

• Direct personal investigation, indirect investigation, through correspondent, by mailed questionnaire, through schedules

• Direct personal investigation, indirect investigation, through correspondent, by mailed questionnaire, through interviews

• Direct personal investigation, indirect investigation, through surveys, by mailed questionnaire, through schedules

• Direct personal investigation, indirect investigation, through correspondent, by mailed questionnaire, through observations

What is the difference between primary and secondary data?

• Secondary data is more accurate than primary data

• Primary data is used for economic planning, while secondary data is used for government policies

• Primary data is collected for the first time, while secondary data is already collected by others

• Primary data is collected through surveys, while secondary data is collected through questionnaires

What is the meaning of variable in economics?

• Data that cannot be classified in the magnitude of time or size

• Data that is capable of being classified in the magnitude of time or size

• Data that is affected by multiplicity of causes

• Data that is numerically expressed

What is the purpose of data in economic planning?

• To frame policies for economic development

• To forecast the growth of per capita income

• To determine national income

• To prepare future plans based on data from previous years

What are the sources of secondary data?

• Published reports of newspapers, financial data reported in annual reports, internal reports of government departments, research reports prepared by students

• Published reports of newspapers, financial data reported in annual reports, information from official publications, records maintained by institutions

• Published reports of newspapers, financial data reported in annual reports, records maintained by institutions, research reports prepared by students

• Published reports of newspapers, financial data reported in annual reports, information from official publications, research reports prepared by students

What is the process of arranging data into classes or groups according to their resemblances and affinities called?

• Presentation of data

• Diagrammatic presentation

• Classification

• Tabulation

What is the purpose of a simple bar diagram in economics?

• To present data in the form of a diagram

• To present data in the form of a chart

• To present data in the form of a table

• To present data in the form of a graph

What is the purpose of a statistical table in economics?

• To present data in the form of a diagram

• To present data in the form of a chart

• To present data in the form of a table

• To present data in the form of a graph

What is the purpose of diagrammatic presentation of data in economics?

• To present data in the form of a graph

• To present data in the form of a diagram

• To present data in the form of a table

• To present data in the form of a chart