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Collection of Data — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsCollection of Data6 Marks
Question
Briefly explain the published sources of secondary data.
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Answer

The published sources of secondary data can be classified as:
  1. Official Publications of Central Government The various dapartments, ministries and organisations of Central Government collect, compile and publish statistical data on a number of topics such as prices, population, production, consumption, employment, poverty, etc.
  2. For example, National Sample Survey Organisation (NSSO), Census of India, etc. The information supplied by these organisation is more authentic and reliable than that obtained from other sources on the same subject.
  3. Publications of Semi-Government Statistical Organisations: The publications of semi-government statistical organisations provide very useful information.
  4. For example, the data published by the Municipal and District Boards, Corporations, Block and Panchayat Samitis on vital statistics (births and deaths), health, sanitation and other related subjects provide reliable and useful information.
  5. Publications of Research Institutions: Individual research scholars and various research institutes, such as the Indian Statistical Institute (ISI), Indian Council of Agricultural Research (ICAR), etc. publish the findings of their research work in the form of research papers or journals. These papers and journals are also an important source of secondary data.
  6. Publications of Commercial and Financial Institutions: Commercial and financial institutions such as the Federation of Indian Chamber of Commerce and Industries (FICCI), Trade Unions, Stock Exchanges, etc. publish reports on various economic and business phenomena. These reports also provide useful secondary data.
  7. Reports of Various Committees and Commissions Appointed by the Government: The Central or the State Governments appoint various committees or commissions to conduct a detailed study on a specific problem or issue. The reports of these committees and commissions are an important source of secondary data. For example, Kothari Commission's report on Educational Reforms, Wanchoo Commission's report on taxation, etc.
  8. Private Publications: These are published by private organisations or individuals. Examples of private publications are journals, newspapers, annual reports, articles, market reviews, etc.
  9. International Publications: The publications of foreign governments and international organisations are also a source of valuable secondary data. For example, IMF, ILO, World Bank, UNO, etc publish many reports and books which contain secondary data.

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