[Solved] Which of the following statements is false with respect to different features of an efficient market?

Q.	Which of the following statements is false with respect to different features of an efficient market?
A.	Information arbitrage efficiency is said to exist, if the participants do not have any scope to reap abnormal profits using information that is of common knowledge
B.	Fundamental valuation efficiency is said to exist, if the price of an asset is neither undervalued nor overvalued
C.	Full insurance efficiency is said to exist, if participants can adopt hedging as an effective tool against possible risk in future
D.	Allocation efficiency is said to exist, if the market channelizes resources into projects where the marginal efficiency of capital adjusted for risk differences is lowest.
Answer» D. Allocation efficiency is said to exist, if the market channelizes resources into projects where the marginal efficiency of capital adjusted for risk differences is lowest.

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