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There are many sources of data. - Economics

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Question

There are many sources of data. 

Options

  • True

  • False

MCQ
True or False

Solution

This statement is false. 

Explanation:

There are only two sources of data - primary and secondary data sources. The collection of data from its original source is termed as a primary source of data. On the other hand, the collection of data that has already been collected by somebody else in the past is termed as a secondary source of data.

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Sources of Data - Primary
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Chapter 2: Collection of Data - Exercise [Page 20]

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NCERT Statistics for Economics [English]
Chapter 2 Collection of Data
Exercise | Q 3. (i) | Page 20
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