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      Question

      A bank studies RBI publications and industry reports

      before launching a new loan product. This is an example of:
      A Primary research Correct Answer Incorrect Answer
      B Secondary research Correct Answer Incorrect Answer
      C Observational research Correct Answer Incorrect Answer
      D Experimental research Correct Answer Incorrect Answer
      E Field research Correct Answer Incorrect Answer

      Solution

      Secondary research uses already available published data. Why Other Options Are Incorrect β€’ A: First-hand data collection. β€’ C: Watching behavior. β€’ D: Controlled experiments. β€’ E: Field surveys. Banking Example: Using RBI credit growth reports to design lending strategy.

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