New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Two important advantages of secondary data

    are:
    A they are inexpensive and up-to-date Correct Answer Incorrect Answer
    B they are up-to-date and supply all relevant categories of information Correct Answer Incorrect Answer
    C they are usually inexpensive and save time Correct Answer Incorrect Answer
    D they are tailor-made to your specifications and relatively inexpensive Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Two important advantages of secondary data are: (1) the tremendous time savings if the data have already been collected; and (2) the low cost (for example, most census reports are available for only a few dollars each).

    Practice Next