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Question 1

Fit the best option


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

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