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NISM Certifications · NISM-Series-XV: Research Analyst · Introduction to Research Analyst Profession

Which of the following is an example of a primary source of information for a research analyst studying a listed company?

A management meeting or plant visit is a primary source because the analyst collects the information first-hand. Newspaper articles, other brokers' reports and textbooks are secondary sources, since others have already compiled the information.

  1. AA newspaper article summarising the company's results
  2. BA management meeting or plant visit conducted by the analystCorrect
  3. CAnother broker's published report on the company
  4. DA textbook chapter on the industry

Explanation

Primary information is gathered first-hand by the analyst, such as through management interactions, channel checks or site visits. Newspaper articles, other brokers' reports and textbooks are secondary sources compiled by others.

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