CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Probability of an Event

is a wagering...

Question

_______ is a wagering agreement?

A

Insurance contract

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Crossword puzzles in which prizes are awarded on the basis of personal skill and intelligence

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Lottery

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Chit fund

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Lottery
The Supreme Court of India in B.R Enterprises V. State of U.P. held that even the lotteries have the element of chance with no skill involved in it and it comes under wagering contracts as the very nature of agreement has not changed and thus be void.

Suggest Corrections

thumbs-up

1

Similar questions

Q. In a certain lottery

10, 000

tickets are sold and ten equal prizes are awarded. What is the probability of not getting a prize if you buy (a) one ticket (b) two tickets (c)

10

Q. If there is a prize fund and prizes are awarded, expenses and income are transferred to ___________.

Q. Principle :
1. Wagering agreements are void.
2. Collateral agreements to wagering contracts are valid.
Facts : XYZ Bank lends Rs

40, 000

to Sabu in order to enable him to award as prize to Randeep who is the winner of horse race. Later Sabu refuses to pay the prize stating that horse racing is wagering agreement. Can XYZ Bank recover money from Sabu?

Q. There are ten prizes, five

A

B

C

's, placed in identical sealed envelopes for the top ten contestants in a mathematics contest. The prizes are awarded by allowing winners to select an envelope at random from those remaining. When the

8^{t h}

contestant goes to select the prize, the probability that the remaining three prizes are one

A

B

C

Q. Two persons A and B take turns in throwing a pair of dice. The first person to through 9 from both dice will be awarded the prize. If A throws first then the probability that B wins the game is

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Probability of an Event

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon