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Event-by-event intermittency analysis of Toy Monte Carlo events is performed in the scenario of high multiplicity events as is the case at recent colliders RHIC and LHC for AA collisions. A power law behaviour of Normalized Factorial Moments (NFM), $F_{q}$ as function of number of bins ($M$) known as intermittency, is a signature of self-similar fluctuations. Dependence of NFM on the detector efficiencies and on the presence of fluctuations have been studied. Results presented here provide a baseline to the experimental results and clarity on the application of efficiency corrections to the experimental data.