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    Question

    A bank collecting fresh customer survey responses for a

    new product concept is using:
    A Secondary data Correct Answer Incorrect Answer
    B Internal data Correct Answer Incorrect Answer
    C Primary data Correct Answer Incorrect Answer
    D Observational data Correct Answer Incorrect Answer
    E Census Correct Answer Incorrect Answer

    Solution

    Primary data is collected first-hand for specific purpose. Why Other Options Are Incorrect • A: Already published data. • B: Existing internal records. • D: Watching behaviour. • E: Full population count. Banking Example: Survey before launching youth savings account.

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