Extra data composition

Category: Finance,
Published: 22.01.2020 | Words: 607 | Views: 481
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Supplementary data refers to the data which in turn an examiner does not collect himself intended for his purpose rather this individual obtains all of them from some other source, company or workplace. In other words, this data had been collected by some other origin and an investigator employs it pertaining to his purpose. Secondary info is different coming from primary data on the basis of the sources of their collection. The difference between the two is family member ” info which is main at a single place become secondary at another place.

Causes of Secondary Info

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Sources of extra data can be classified mainly into two categories- (i) Published options and (ii) Unpublished resources. Published options: The following resources are covered in the group of published resources. 1 . Authorities Publication: There are several publications of Central and state government authorities in India which are published regularly or from time to time. Info relating to numerous aspects of the economy and nation are printed there in. Some important government publications are as follows:

a) Twelve-monthly Economic Review

b)Reserve traditional bank of India Bulletins

c)Five-Year ideas

d)Budget Publications

e)Report or perhaps Currency and Finance

f)Statistical Describe of India.

2 . Semi-government Publications: Semi-government publications including reports and data collected and printed by Financial institutions, Corporations, City and county Committees, Panchayats etc .

several. Reports of Commissions and Committees: Reviews of various committees and commissions which are equiped from time to time by simply government and semi-government companies.

4. Newspapers and Magazine’s Reports and Publications: Research articles and Survey Studies published by news documents and magazines such as The Financial Times, The Financial Share, The Economist etc .

your five. Publications of Industrial Houses and Trade Groups: Publications of business and commercial homes such as DCM, Hindustan Button, Hindustan Equipment Tools and so forth 6. Research Publications of Universities and Research Institutes: Publications of universities, Analysis institutes and individuals just like Institute ofEconomic Growth, India Statistical Company etc .

six. Publication of Individual Research Scholars: Person research scholars also publish data of the research work.

8. International Journals: International Guides such as Annual Reports of IMF, IBRD, IFC, U. N. Um., ICO etc .

Unpublished sources: Secondary data is available from unpublished sources also. Many researchers and trade organisations collect info for numerous objectives that is not published. A large number of universities, time bureaus and scholars also collect info which is not released.

Advantages and Disadvantages of Secondary Info

Advantages of Second data

1 . It is cost-effective. It will save efforts and expenses.

installment payments on your It is time keeping.

3. It assists to make major data collection more specific seeing that with the help of secondary data, we are able to make out exactly what are the gaps and deficiencies and what additional information needs to be collected.

4. It helps to boost the understanding of the problem.

a few. It provides a basis for evaluation for the information that is collected by the researcher.

Disadvantages of Secondary Data

1 . It can be originally gathered for some purposes which is certain and not recognized to the present researcher. In this case it may well mislead to work with the data

2 . The accuracy and reliability of the second data along with its stability would depend upon its options

3. It is not necessarily updated on a regular basis and not of much us in a dynamically changing environment