UGC NTA NET/JRF Exam, June-2025 Economics (Shift-II)

Total Questions: 100

91. Comprehension: Sub Question No. : 91 to 95 Based on the information given below, answer the questions :

Two fair dice are thrown independently. Three events A, B, and C are defined as follows;

LabelEvent Description
Aodd face with first dice.
Bodd face with second dice.
Csum of points on two dice is odd.

Find the P(∩C).

Correct Answer: (d) 1/4
Solution:Dependent events-
∴ As C probability depends on A.
P(A∩C) = P(A). P(C/A)
(1/2) × (1/2) = 1/4

92. Find the P(А∩В).

Correct Answer: (d) 1/4
Solution:

P(A) P(B)
Independent events
P(A∩B) = P(A). P(B)
P(A) ⇒ Odd face with first dice.
1,2,3,4,5,6
⇒ 1,3,5 = (3/6) = (1/2)
P(A) = 1/2
P(B) = Odd face with second dice
P(B) = 1/2
P(A∩B) = P(A). P(B)
= (1/2) × (1/2) = 1/4

93. Find the P (B∩C).

Correct Answer: (c) 1/4
Solution:

Dependent events-
∴ As C probability
Depends on B.
Formula:
P(A∩B) = P(A). P(B/A).
⇒ P(B∩C) = P(B). P(C/B)
(1/2) × (1/2) = (1/4)

94. Find the P(C).

Correct Answer: (b) 1/2
Solution:

Notes (for all 5 given)
Independent events - happening of one event does not effect happening of another event.
P(A∩B) = P(A). P(B)
P(A/B) = P(A).
P(B/A) = P(B)
Dependent events (Happening of one event effect happening of other event)
P(A∩B) = P(A). P(B/A).
Solution:
P(C) = ?
C- Sum of points on two dice is odd.
Odd & even + even & odd.

95. Find the P(A∩B∩C).

Correct Answer: (a) 0
Solution:

P(A∩B∩C).
P(A) +P(B) + P(C) = 0
As we need odd sum, & after adding the probabilities we get even numbers so sum of (P(A), P(B), P(C)) will be equal to zero.

96. Comprehension : Sub Question No.: 96 to 100 Read the following paragraph and answer the questions:

The RBI's current monetary policy reflects a nuanced response to evolving macroeconomic dynamics. While the repo rate remains unchanged at 6.5%, the policy undertone reveals a calibrated withdrawal of accommodation, signaling a shift from pandemic era stimulus.

The RBI's liquidity management has transitioned from passive surplus absorption to active using variable rate reverse repo (VRRR) operations, amid concerns of global spillovers and domestic inflationary pressures.

The policy indicates a forward looking stance, focusing on anchoring inflation expectations rather than reacting to transient price shockes. The monetary transmission remains uneven, with sectoral divergences in credit uptake and lending rates.

Furthermore the policy indirectly emphasizes macro prudential regulation and financial stability, acknowledging risks from global interest rate differentials, capital flows and currency volatility.

This reflects an integrated policy framework balancing inflation targeting with broader financial resilience in a globally uncertain environment.

Which of the following reflects the RBI's strategy in managing transient inflation shocks?

Correct Answer: (b) Maintaining status quo with calibrated liquidity tools
Solution:

Maintaining status quo with calibrated liquidity tools

97. Which concept is implicit in RBI's focus on anchoring inflation without immediate rate action?

Correct Answer: (b) Expectation management
Solution:

Expectation management

98. The term withdrawal accommodation in monetary policy implies.

Correct Answer: (c) Gradual normalization of policy stance
Solution:

Gradual normalization of policy stance

99. The RBI's consideration of global interest rate differentials primarily relates to.

Correct Answer: (b) Foreign portfolio flows and exchange rate management
Solution:

Foreign portfolio flows and exchange rate management

100. VRRR operations indicate.

Correct Answer: (c) Active short term liquidity absorption
Solution:

Active short term liquidity absorption