Lottery in which an article is assigned by lot to one of those buying tickets

[amp_mcq option1=”Auction” option2=”Raffle” option3=”Audit” option4=”Transit” correct=”option2″]

The correct answer is B. Raffle.

A raffle is a lottery in which a prize is awarded to one or more winners drawn by chance from among a number of participants who have bought tickets. Raffles are often used to raise money for charities or other good causes.

An auction is a public sale of goods or property to the highest bidder. Auctions can be held for a variety of items, including art, antiques, real estate, and even cars.

An audit is a formal examination of an organization’s financial statements or other records to ensure that they are accurate and complete. Audits are typically conducted by independent accountants.

Transit is the movement of people or goods from one place to another. Transit can be by land, sea, or air.

In conclusion, the correct answer is B. Raffle. A raffle is a lottery in which a prize is awarded to one or more winners drawn by chance from among a number of participants who have bought tickets. Raffles are often used to raise money for charities or other good causes.