Questions

The gold prices in India are determined according to the international market in the following way:

- The price of gold in USD is taken as a base price. Depending on the value of indian rupee as compared to USD (eg- 1 USD= ₹63), the price of gold is converted into rupees.

- The import duties on gold are added to obtain the final price of gold.

• Gold is a global commodity. In the international market, the price of gold is determined by the forces of demand and supply. Higher demand leads to higher price and vice versa. Higher supply leads to lower price and vice versa.

Oil from Gnetum spp a gymnosperm belonging to the family Gnetaceae is used to relieve the effects of rheumatism

The lianas and shrubs of Gnetum are found in the rain forests of the western ghats.

Our solution:

Toss the coin twice.
Let TH, HT and TT correspond to the three choices.
And if you get HH, just repeat (so it takes 8/3 tosses on average).


BIASED COIN

If the coin was biased, TH and HT would occur with equal probability.
So you could assign THHT, HTTH and THTH to the three choices, with other 4-toss outcomes rejected.
Or you could assign HTT, THT and TTH to the three choices, with other 3-toss outcomes rejected.