There was a blind man. He had four socks in his drawer either black or white. He opened it and took out two socks. Now the probability that it was a pair of white socks is 1/2.
Can you find out the probability that he had taken out a pair of black socks ?
We know that money can be names differently for the purpose it is used for. Some of the examples of money given at following places or for following activities:
In temple = Daan
In school = Fees
During marriage = Dowry
For divorce = Alimony
Paying government = Tax
In court = Fine
Employer to employee = Salary
To kidnappers = Ransom
For illegal reason = Bribe
To civil servant retirees = Pension
Do you know what do we call the money a husband gives to his wife?