A manager manages to obtain the required capital at 10% interest rate while the prevailing rate in the market is 11%. How would you describe such a manager?

Efficient

The correct answer is Option (4) → Efficient

A manager is said to be efficient when they achieve the desired results by using resources in the best possible and least costly way. Here, the manager obtains capital at a lower interest rate (10%) than the market rate (11%), meaning they have minimized the cost of funds. This reflects efficiency — doing a task economically and optimally.