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answers:

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Are there any automation execution time related industry standards/benchmarks are available for performing different actions on web page. Like through automation; how much time can be considered as acceptable time for setting value to text box (like 1 sec for 20characters) or what range of time will be considered as acceptable for clicking on button, selecting value from combobox, selecting checkbox available in grid etc.

A: 

not sure about a standard list, but there is SpecWeb2005 and also TPC-W e-commerce benchmark (obsolete, but ppl still use it). you could compare different automated testing solutions against each other when simulating those benchmarks. Transactions per second, # of virtual users, etc.

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