Q. Which of the following is/are interim data?
1.Revised estimate
2.Quick estimate
3.Advance estimate
How many of the statements given above are correct?

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: C
Notes:

Explanation: One comes across certain other kinds of data, too, in day-to-day government economic literature. There are three such data—

  • Revised Estimate (RE) Revised Estimate is basically a current estimation of either the budgetary estimates (BE) or the provisional estimates (PE). It shows the contemporary situation. It is interim data.
  • Quick Estimate (QE) Quick Estimate is a kind of revised estimate which shows the latest situation and is useful in the process of going for future projections for some sector or sub-sector. It is interim data.
  • Advance Estimate (AE) Advance Estimate is a kind of quick estimate but done ahead (is advance) of the final stage when data should have been collected. It is interim data.

Source: Ramesh Singh

Blog
Academy
Community