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Precision is compose of two characteristics, one is the number of significant figures to which a measurement may be made, the other is
1. Conformity
2. Meter error 
3. Inertia Effects
4. Noise

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Correct Answer - Option 1 : Conformity

Precision: 

  • Precision is the degree of exactness for which the instrument is designed.
  • Precision composed of two characteristics: conformity and significant figures.
  • More significant figures, estimated precision is more. 
  • It is a measure of the reproducibility of the measurements, i.e. given a fixed value of quantity.
  • It is a measure of the degree of agreement within a group of measurements.

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