Q. A casino offers a game of chance for a single player in which a fair coin is tossed at each stage. The initial stake begins at INR 2 and it is doubled every time heads appears. The first time tails appears, the game ends and the player wins whatever is in the pot. Thus, the player wins INR 2 if tails appears on the first toss, INR 4 if heads appears on the first toss and tails on the second, INR 8 if heads appears on the first two tosses and tails on the third, and so on. What would be a fair price to pay the casino for entering the game? Explain your answer briefly.

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Difference between Statutory Bodies, Autonomous Bodies & Executive Bodies

Statutory Bodies -
वह संस्था जिनका खुद का एक्ट होता है । जो खुद से रूल्स बनाती है ।
✓ UGC - act 1956
✓ AICTE - act 1987
✓ NCTE - act 1993

Autonomous Bodies -
जो दूसरी संस्था ( statutory body ) में से आती है ।
✓ NAAC 1994 - ( UGC )
✓ NBA ( AICTE )
✓ NCERT 1961
✓ NIEPA 1952 -
(Autonomous & Deemed to be University)
✓ Election Commission of india - 1950

Executive bodies ( Legislative body ) - जिनको आधा rights दिया जाता है । जो rules लागू करवाती है और rules लागू ना करने पर action भी ले सकती है ।

✓ IGNOU

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