Question
Distinguish between Primary data and secondary data.
|
S. No.
|
Primary data
|
Secondary data
|
|
1.
|
Primary data are those data which are collected from the primary sources.
|
Secondary data are those data which are collected from the secondary sources.
|
|
2.
|
Primary data are known as basic data.
|
Secondary data are known as subsidiary data.
|
|
3.
|
The collection of primary data is more expensive.
|
The collection of secondary data is comparatively less expensive.
|
|
4.
|
It takes more time to collect the data.
|
It takes less time to collect the data.
|
|
5.
|
Primary data are more accurate.
|
Secondary data are less accurate than the primary data.
|
|
6.
|
Primary data are known as first hand data.
|
Secondary data are known as second hand data.
|
|
7.
|
Primary data are not readily available.
|
Subsidiary data are readily available.
|
|
8.
|
It is required to take much care at the time of collecting data.
|
It is not required to take much care at the time of collecting data.
|
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
|
Items
|
Agriculture
|
Industry
|
Transport
|
Administration
|
Banking
|
|
Percentage
|
40
|
21
|
19
|
13
|
07
|
| Watches (Millions) | 0 | 1 | 2 | 3 | 4 | 5 |
| Shoes (Thousands) | 90,000 | 80,000 | 68,000 | 52,000 | 34,000 | 10,000 |
|
Cuntry
|
Export (in %)
|
|
USA
|
25
|
|
Japan
|
15
|
|
UK
|
30
|
|
China
|
20
|
|
Others
|
10
|
Demand schedule for commodity- X of individual A and B is given in the following table. Derive the market demand schedule and market demand curve.
| Price of Commodity-X (₹) | Demand of A (Units) | Demand of B (Units) |
| 1 | 9 | 7 |
| 2 | 7 | 6 |
| 3 | 6 | 5 |
| 4 | 4 | 4 |
| 5 | 3 | 3 |