Objective Type Question Answer
Study and Remember Objective Type Question Answer for Exam and Online Assignments
1. Different societies are organised through alternative …………………………. systems.
Answer
Ans: economic
2. ……………. .. is the study and evaluation of economic problems.
Answer
Ans: Economics
3. In sharp contrast to the monetarists’ view, Keynes and his followers advocate the adoption of activist role by the …………………………..
Answer
Ans: Government
4. In the 1970s and early eighties the problem of …………..appeared in which high in?ation was accompanied by high rate of unemployment.
Answer
Ans: stag?ation
5. According to ……………… .. Economists, the only way to encourage growth was to allow free trade and free markets.
Answer
Ans: Classical
6. ……………… .. theories revolved mainly around the role of markets in the economy.
Answer
Ans: Classical
7. ………………. policies can be used to reduce market imperfections.
Answer
Ans: Supply-side
8. Base on …………… .. policies, a low rate of in?ation can be maintained.
Answer
Ans: economic
9. The real key to Monetarist policy is the control of ……………………
Answer
Ans: monetary growth
10. In the long-run, any attempts to reduce unemployment below its natural rate will result in ……………..
Answer
Ans: in?ation
11. …………………………….. is budget for major capital, or investment, expenditures.
Answer
Ans: Capital budgeting
12. Any firm has limited borrowing resources that should be allocated among the best ………………… alternatives.
Answer
Ans: investment
13. ………………… .. for the year is the portion of the total charge under such a system that is allocated to the year.
Answer
Ans: depreciation
14. Under Depreciation, the value of one asset is in some way computed at two different dates, and the value at the later date ………………….. from the value at the earlier date.
Answer
Ans: subtracted
15. The choice of depreciation method impacts both the income statement and ………….
Answer
Ans: balance sheet
16. Depreciable lives and salvage Value impact both ………………. expense and stated asset values.
Answer
Ans: depreciation
17. Independent regulation of electricity tariff is the first step towards reforming the sector ridden by technical and commercial ……………………..
Answer
Ans: inefficiencies
18. Promotion of competition in the electricity industry in India is one of the key objectives of the …….. Act, 2003.
Answer
Ans: Electricity
19. ………………… was brought about in the process of tariff setting, which traditionally was a closed-door exercise.
Answer
Ans: Transparency
20. Most ERCs issued ………………… papers seeking the comments of stakeholders.
Answer
Ans: tariff consultation
21. As per the provision of section ……………… of the Electricity Act, 2003 the appropriate Commission is required to determine the tariff for sale by the generating company to a distribution licensees
Answer
Ans: 62
22. There are basically two components of transmission tariff: (a) transmission charges derived from the…………….. .. requirements of the transmission licensees and (b) ……………..
Answer
Ans: revenue requirements, transmission losses
23. ………………… .. is a performance-based tariff for the supply of electricity by generators owned and controlled by the central government.
Answer
Ans: ABT
24. At present the complete power purchase cost of Discom is being passed on to consumer Via ………………… .. tariff.
Answer
Ans: retail
25. Optimum strategies for the development of renewable sources of energy emphasise on making them socially acceptable and viable so that their contribution to …………….. .. is strengthened.
Answer
Ans: sustainable development
26. Agriculture, which involved controlled growth of plants and shrubs useful to man for food and medicine, is an imitation of ………………….
Answer
Ans: nature
27. Global energy demand is primarily determined by three factors: ……………., ……………. and …………..
Answer
Ans: Economic development, Population growth, Technological progress
28. In mature economies, there is a delinking between …………… and energy use.
Answer
Ans: economic growth
29. ………………… .. is emitted mostly by the burning of coal, and is the principle cause of acid rain.
Answer
Ans: Sulfur Dioxide (SO4)
30. Particles of ………………… .. are emitted from the smokestacks of coal ?red power plants.
Answer
Ans: ash
31. A …………… .. is a measure, operation or an action that aims at reducing Greenhouse Gases (GHG) emissions.
Answer
Ans: project activity
32. The ………………… .. Protocol commits industrialized country ratifiers to reduce their greenhouse gas emissions by an average of 5.2% compared with 1990 emissions, in the period 2008 – 2012.
Answer
Ans: Kyoto
33. CERC stands for ……………….
Answer
Ans: Central Electricity Regulatory Commission (CERC)
34. Cross-subsidization between categories of …………….. may be allowed by SERCs.
Answer
Ans: consumers
35. A use of demand forecasting models is the assessment of the impact that a new technology might have on the energy …………………
Answer
Ans: consumption
36. A detailed ……………….. consumption forecast helps in the determination of a just and reasonable tariff structure wherein no consumer pays less than the cost incurred by the utility for supplying the power.
Answer
Ans: consumer category-wise
37. The ……………….. approach attempts to capture the impact of energy usage patterns of various devices and systems.
Answer
Ans: end-use
38. …………. .. approach combines economic theory with statistical methods to produce a system of equations for forecasting energy demand.
Answer
Ans: Econometric Approach
39. Power system planning starts with the assumption that the area under consideration already has an …………………. system in existence.
Answer
Ans: electric supply
40. The planning process should be based on the agreed set of ……………..
Answer
Ans: standards
41. The planning period for Distribution systems should not be too long as the system is ………………………
Answer
Ans: dynamic
42. Short-term planning is done for …………………. years.
Answer
Ans: 1-2 yrs
43. The arrangement of ……………. .. bus bar is the simplest and cheapest.
Answer
Ans: Single Bus Bar
44. A common breaker controls both the ……………. ..; only two additional isolators are needed.
Answer
Ans: transformers
45. In case of …………………… .. switchgear, the various components are covered in an earthed metal casing.
Answer
Ans: indoor
46. …………………… .. is required to control and distribute power.
Answer
Ans: Switchgear
