A retailer buys goods from manufacturer in large quantities either directly or w holesaler through Question 2 Select the most appropriate option A method by which people with no common language could barter goods is-------- 1. Unilateral Trade 2. Bilateral Trade 3. Multilateral Trade 4. Silent trade Question 3 State whether the given statement is true or false Most scientists agree that emissions of pollutants and greenhouse gases from fossil fuel-based electricity generation account for a significant portion of world greenhouse gas emissions. 1. true 2. false Question 4 State whether the given statement is true or false Thermal energy is economical in areas of high industrial density, as the high demand cannot be met by renewable sources. 1. true 2. false Question 5 Select the most appropriate option What is used as a safety tool as in lock-out tag-out? 1. Telemetry 2. Data Acquisition Server 3. Supervisory Control and Data Acquisition 4. Database Management System Question 6 Select the most appropriate option Which of the following year India has tested the foreign exchange crisis? 1. 1975 2. 1984 3. 1990 4. 1991 Question 7 Select the most appropriate option Which of the following act has an objective to ensure electricity at reasonable prices? 1. The Electricity (Supply) Act 2. The Electricity Regulatory Commission Act (ERCA) 3. Indian Electricity Act 4. Electricity Bill Question 8 Select the most appropriate option Which issues change from matters of central planning focussed on quantities to market choices based on prices? 1. Serviceability 2. Marketability 3. Reliability 4. Durability Question 9 State whether the given statement is true or false There are several contracts running behind the market which sometime leads to the development and financial problems. 1. true 2. false Question 10 Fit the best option mechanism Market should exist with well defined market . Question 11 State whether the given statement is true or false Changing technology, new entrants in the generation market, and a legislative mandate to provide access to the essential transmission facility have accelerated a process of competition that will require major changes in the institutions and operations of the electricity market. 1. true 2. false Question 12 Select the most appropriate option Which of the following agency or authority was created under the Electricity (Supply) Act, 1948? 1. State Electricity Regulatory Commissions 2. Central Electricity Regulatory Commission 3. State Electricity Boards 4. Central Electricity Authority Question 13 Select the most appropriate option The most important, and limiting, assumptions in neoclassical trade theory is that firms produce under conditions of----- 1. Duopoly Competition 2. Oligopolistics Competition 3. Im-perfect Competition 4. Perfect Competition Question 14 Select the most appropriate option Which cost is decided by other agencies in power sector? 1. Generation Cost 2. Cost of Supply 3. Distribution Cost 4. Administration Cost Question 15 Select the most appropriate option The grid is a patchwork of systems originally built by individual utilities as isolated transmission islands to meet------- 1. International Needs 2. National Needs 3. Regional Needs 4. Local Needs Question 16 State whether the given statement is true or false Power Purchase Agreements with Power Trading Corporation of India are being recognised by lenders as security for financial closure of power projects. 1. true 2. false Question 17 Fit the best option free Power Trading requires trading regime. Question 18 State whether the given statement is true or false The dispatch provides an automatic source of backup supplies, short term excess sales, reactive power support, spinning reserve, and the many other services that are bundled in transmission. 1. true 2. false Question 19 Select the most appropriate option The invention which has simplified and promoted trade is------ 1. Double Entry System 2. E-Commerce 3. E-Business 4. Money Question 20 Select the most appropriate option Which of the following country is the Fifth largest producer of electricity in Asia? 1. India 2. China 3. Malaysia 4. Pakistan Question 21 Select the most appropriate option What can change at any time? 1. Product 2. Place 3. Promotion 4. Price Question 22 Select the most appropriate option Which pricing is a natural by-product of an economic dispatch and guarantees the most efficient use of the electrical system? 1. Cost Plus Pricing 2. Opportunity Cost Pricing 3. Market Pricing 4. All of the above Question 23 Select the most appropriate option What is popular, due to its compatibility and reliability? 1. Human-Machine Interface (HMI) 2. Remote Terminal Unit (RTU) 3. Programmable Logic Controller (PLC) 4. Supervisory Control and Data Acquisition Question 24 Select the most appropriate option In a perfectly competitive electricity market, any power supplier is not a------- 1. Price Determiner 2. Price Taker 3. Price Maker 4. All of the above Question 25 Select the most appropriate option The free--flowing grid requires coordination of short-term operations to maintain system stability and achieve------- 1. High-cost Dispatch 2. Least-cost Dispatch 3. Least-cost Transmission 4. High-cost Transmission Question 26 Select the most appropriate option The original form of trade was------- 1. Double Entry System 2. Transaction System 3. Barter System 4. All of the above Question 27 State whether the given statement is true or false The main goal of the Indian Electricity Act was regulate the relations between the consumers and the licenses which supplied power to consumers or other licenses. 1. true 2. false Question 28 Select the most appropriate option Which theory holds that the optimal bidding strategy for a supplier is to simply bid marginal cost? 1. Macro-economic 2. Micro-economic 3. Economies of Scale 4. Diseconomies of Scale Question 29 Select the most appropriate option Who is a natural person or a legal person, who produces electricity? 1. An Electricity Trader 2. An Electricity Producer 3. An Electricity System Operator 4. None of the above Question 30 Select the most appropriate option Over the past thirty years, the country’s energy demand has grown at an average of----- 1. 10 percent per annum 2. 2 percent per annum 3. 6.3 percent per annum 4. 3.6 percent per annum Question 31 Fit the best option Supervisory Control and Data Acquisition systems typically implement a database. distributed Question 32 Fit the best option electric Power Trading draws its special nature due to specific characteristics of energy. Question 33 Select the most appropriate option Which bond is tied to the repayment of the principal and periodical coupon payments and consists of regular annual or semi-annual payments of interest and a final payment of the entire principal upon maturity? 1. Bond 2. Government Bond 3. Commodity Bond 4. Conventional Bond Question 34 Select the most appropriate option Spain’s colonial policy of mercantilism affected the development of Latin American nations by promoting 1. The production of raw material and cash crops 2. Free and rapid trade with Asia and Africa 3. Respect for the rights of indigenous people 4. Isolationism as a response to international political issues Question 35 Choose the right option - The question may have more than one correct answer In decentralized markets, the need for balancing poses an obstacle to flow-based renewable energy sources such as wind and solar energy. The pool operator matches the difference between demand and their production with conventional generation and all producers receive the same price. In theory, both systems could lead to the same outcome. In practice, integrated markets have a number of advantages : 1. The many sub-markets in decentralized systems (energy, balancing, congestion, reserves all integrated) cause significant transaction costs. Incomplete arbitrage further reduces economic efficiency. 2. Integrated markets make it possible to use nodal pricing, which appears to be the most efficient congestion management method. It makes better use of available network capacity than the other methods and prevents the hoarding of network capacity, as network capacity is not sold separately from energy. 3. Integrated markets are somewhat less susceptible to market power, as the market is not fragmented and more transparent and because available network capacity can be used more efficiently through nodal pricing. 4. It is easier to include flow-based sources such as wind and solar energy in a centralized market, because dispatch takes place in real time so there is no need for balancing. 5. It is easier to implement the more efficient capacity mechanisms like capacity requirements and reliability contracts in integrated markets. Question 36 Choose the right option - The question may have more than one correct answer The security of some Supervisory Control and Data Acquisition System-------based systems has come into question as they are seen as potentially vulnerable to cyber attacks. In particular, security researchers are concerned about : 1. The lack of concern about security and authentication in the design, deployment and operation of some existing Supervisory Control and Data Acquisition System networks 2. The belief that Supervisory Control and Data Acquisition System have the benefit of security through obscurity through the use of specialized protocols and proprietary interfaces 3. The belief that Supervisory Control and Data Acquisition System networks are secure because they are physically secured 4. The belief that Supervisory Control and Data Acquisition System networks are secure because they are disconnected from the Internet. Question 37 Choose the right option - The question may have more than one correct answer What had interrupted irrigation and manufacturing across the country in 2010? 1. Strikes 2. Power Shortages 3. Blackouts 4. Power Shedding Question 38 Select the most appropriate option Which authority is responsible for regulating investments in the power sector? 1. Central Electricity Regulatory Commission 2. The Electricity Regulatory Commission Act (ERCA) 3. State Electricity Boards 4. Central Electricity Authority Question 39 Choose the right option - The question may have more than one correct answer National Thermal Power Corporation's core business is generation and sale of electricity to : 1. International Importers of Electricity 2. Provided basic framework for electric supply industry in India. 3. State-owned Power Distribution Companies 4. State Electricity Boards in India. Question 40 Choose the right option - The question may have more than one correct answer Realising the full benefits of trading requires the availability of : 1. Adequate Generation Capacity 2. International Links for Transfer of Power 3. Adequate Transmission Capacity 4. Inter-regional Links for Transfer of Power Question 41 Choose the right option - The question may have more than one correct answer The sudden changes in the load pattern may render the system unstable. Enough precautions need to be taken to maintain : 1. Stability 2. Reliability. 3. Serviceability 4. Service Question 42 Choose the right option - The question may have more than one correct answer After 1991, because of severe foreign exchange crisis and a lack of capital for expanding power generation capacity, the Indian government allowed : 1. Central Government Regulation 2. Private Public Partnership 3. Foreign Investment 4. Private Indian Investment Question 43 Select the most appropriate option Which authority determines the tariff for electricity, wholesale, bulk, grid or retail? 1. Central Electricity Regulatory Commission 2. The Electricity Regulatory Commission Act (ERCA) 3. State Electricity Boards 4. Central Electricity Authority Question 44 Select the most appropriate option Financial Transmission Rights are advantageous when designated paths are in same direction as------- 1. Restricted Flow 2. Congested Flow 3. Free Flow 4. All of the above Question 45 Select the most appropriate option Which trade means the business practice which promotes more socially and environmentally responsible trade? 1. Fair Trade 2. Ethical Trade 3. Free Trade 4. Commodity Trade Question 46 Choose the right option - The question may have more than one correct answer Adding pressure on states to be more responsible in ensuring effective metering of supplies and minimal : 1. Generation Losses 2. Marketing Losses 3. Transmission Losses 4. Distribution Losses Question 47 Choose the right option - The question may have more than one correct answer There is a need to, also, regulate demand by adopting measures such as differential tariffs based on the : 1. Time-of-day 2. Season 3. Fuel 4. Technology Question 48 Choose the right option - The question may have more than one correct answer Ethernet and IP over SONET is also frequently used at large sites such as : 1. Roadways Terminals 2. Waterway Terminals 3. Railways Stations 4. Power Stations Question 49 Choose the right option - The question may have more than one correct answer The information systems are secured against any unauthorised access and manipulation resulting in saving of : 1. Production 2. Management 3. Time 4. Cost Question 50 Select the most appropriate option Roman commerce allowed their empire to flourish and endure and their widespread empire produced a stable and secure------- 1. International Trade Route 2. Silk Route 3. Communication Network 4. Transportation Network Question 51 Select the most appropriate option Which is the largest power company in India with an electric power generating capacity of 42,964 MW? 1. Satluj Jal Vidyut Nigam Ltd 2. Power Grid Corporation of India 3. National Hydroelectric Power Corporation 4. National Thermal Power Corporation Question 52 Choose the right option - The question may have more than one correct answer The first stage of currency, where metals were used to : 1. Represent Intrinsic Value 2. Symbols to Represent Commodity Money 3. Represent Stored Value 4. Symbols to Represent Commodities Question 53 Select the most appropriate option Thermal power plants convert energy rich fuel into electricity and heat. Possible fuels include coal, natural gas, petroleum products. Thermal power plants can deploy a wide range of technologies. Some of the major technologies include------ 1. Steam cycle facilities (most commonly used for large utilities) 2. Gas turbines (commonly used for moderate sized peaking facilities) 3. Cogeneration and combined cycle facility (the combination of gas turbines or internal combustion engines with heat recovery systems) 4. Internal combustion engines (commonly used for small remote sites or stand-by power generation) 5. All of the above Question 54 Select the most appropriate option The buyer of a futures contract-------- 1. Goes long in the cash market because the contract requires her to deliver the underlying asset on the expiry date 2. Goes short in the cash market because the contract requires her to take delivery of the underlying asset on the expiry date 3. Goes short in the cash market because the contract requires her to deliver the underlying asset on the expiry date 4. Goes long in the cash market because the contract requires her to take delivery of the underlying asset on the expiry date Question 55 Select the most appropriate option ERP (Enterprise Resource Planning) systems typically include the following characteristics------ 1. An integrated system that operates in (or near) real time without relying on periodic updates 2. A common database that supports all applications and A consistent look and feel across modules. 3. Installation of the system without elaborate application or data integration by the Information Technology (IT) department, provided the implementation is not done in small steps 4. All of the above Question 56 Select the most appropriate option The day-ahead market, is the main arena for trading power in the Nordic region. Here, contracts are made between seller and buyer for the delivery of power the following day, the price is set and the trade is agreed. The day-ahead market is driven by-------- 1. Driven by Planning - daily trading is driven by the members’ planning. A buyer, typically a utility, needs to assess how much energy (‘volume’) it will need to meet demand the following day, and how much it is willing to pay for this volume, hour by hour. 2. Setting the price and closing the deal- 12:00 is the deadline for submitting bids for power which will be delivered the following day. Elspot feeds the information into a specialist computer system which calculates the price, based on an advanced algorithm. Put simply, the price is set where the curves for sell price and buy price meet. 3. The cost of transmission constraints- While supply and demand are the key factors determining the hourly market prices, transmission capacity also plays a role. Bottlenecks can occur where power connections are linked to each other, if large volumes need to be transmitted to meet demand. To relieve this congestion, different area prices are introduced. In other words, when transmission capacity gets constrained, the price is raised to reduce demand in the areas affected. 4. All of the above