1. A purpose is to evaluate different kinds of policy.

The consumers pursue :

1. Voluntary
exchange of goods
2. A medium of exchange
3. Happiness (maximizing utility)
4. The firms maximize profits
2. Financial Transmission Right multiplied by difference in Locational Marginal
Price from the point of receipt to-------
1. Point of Generation

2. Point of Transmission
3. Point of Distribution
4. Point
of Delivery
3. The increasing cost of additional systems also caused severe resource-------
1. Advantages

2. Competition

3. Opportunities

4. Constraints

4. The planners paid more attention towards the capacity addition to Generation
and very little attention was done to either :
1. Strengthen the Power Sector

2. Reform the Transmission

3. Strengthen the Transmission Sector
4. Reform the Distribution
5. The coexistence of overall shortages with complementary geographical and
temporal surplus-deficits provides substantial opportunities to :
1. Increase the growth of world's economy

2. The inherent diversity in demand of various States and Regions in the country
3. Improve the Economic Efficiency
4. Security of Supply through Trading of Power
6. An important issue that lacked proper addressing is------
1. International Security

2. Energy Security
3. Payment Security
4. Allof the above
7. In which exchange the buyers can bid for their demands along with their
willingness to pay?
1. Trade-exchange

2. Monetary-exchange
3. Power-exchange

4. Foreign-exchange

8. The privatisation of the power sector in Delhi has been very successful and it has
resulted in savings of around Rs 30,000 crore by the city Government in the last
ten years.
1 true
.
2 false
.
commodity
9. Managing risk is perceived harder for electricity being a non-storable 
10. Trade between more than two traders is called-----
1. UnilateralTrade
2. Bilateral Trade
3. Multilateral Trade
4. All of the above
11. What can change at any time?
1. Product

2. Place

3. Promotion

4. Price

12. Adam Smith modified the future contract to create a unique resettlement
mechanism which makes future contracts more useful for hedgers on both sides
of market.
1 true
.
2 false
.
13. 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
.
14. The theoretical prices of electricity at each node on the network is calculated is
a------
1. Market Price

2. Production Price
3. International Price
4. Shadow Price
15. Materials used for creating jewellery were traded with-------
1. India

2. China

3. Egypt

4. Rome

16. The present installed capacity as on September 30, 2013 is approximately

39,788.40 MW which is 20 percent of total electricity generation in India.
1 true
.
2 false
.
17. Which level starts data acquisition?
1. Industrial
Control System
2. Instrumentation Engineering
3. Supervisory Control and Data Acquisition
4. Remote Terminal Unit
18. What is known as the procurement of electricity for sale or selling of electricity to
the users thereof?
1. Distribution of Electricity

2. An Electricity Trader
3. Transmission of Electricity
4. Trade of Electricity
19. Who is responsible to conduct a triennial study of transmission system
congestion?
1. The Ministry of Energy

2. The Ministry of Oil and Gas Energy

3. The Department of Electrical Energy
4. The Department of Energy
20. The guidelines which become a barrier to achieve the companies' goals is--------
1. Manufacturing

2. Financial

3. Marketing

4. Environmental

21. Supervisory Control and Data Acquisition system refers to the combinations
control
of   and data acquisitions.