Step 1: Turn the rules into returns:
The winning horse returns 4 times the bet, the second horse 3 times, the third horse returns the bet (1 time), and the 4th and 5th horses return 0. Raju staked \(3000+2000+1000=6000\), so he must get back exactly Rs. 6000.
Step 2: Write the condition:
Let \(m_R, m_W, m_B\) be the multipliers earned by Red, White and Black (each is 4, 3, 1 or 0, and different positions give different multipliers, except that two horses can both get 0). Then
\(3000\,m_R+2000\,m_W+1000\,m_B=6000 \;\Rightarrow\; 3m_R+2m_W+m_B=6\).
Step 3: Find all possible results for Red, White and Black:
If \(m_R=4\) or \(3\), then \(3m_R\ge 9>6\), which is impossible. So \(m_R\) is 1 or 0.
If \(m_R=1\) (Red third): \(2m_W+m_B=3\), which gives \(m_W=0,\ m_B=3\). So Black is second and White is 4th or 5th.
If \(m_R=0\) (Red 4th or 5th): \(2m_W+m_B=6\), which gives \((m_W,m_B)=(3,0)\) or \((1,4)\).
\(\bullet\) \((3,0)\): White is second, Black is 4th or 5th, and Grey and Spotted take 1st and 3rd.
\(\bullet\) \((1,4)\): Black is first, White is third, and Grey and Spotted take 2nd and the remaining 4th/5th place.
Step 4: Now use "Grey came in fourth":
In the case with White second, Grey must be 1st or 3rd, so Grey cannot be fourth. This case is out.
Black first, White third: Grey fourth means Spotted is second and Red is fifth. Order: Black, Spotted, White, Grey, Red.
Red third, Black second: Grey fourth means Spotted is first and White is fifth. Order: Spotted, Black, Red, Grey, White.
Step 5: Test the options on these two orders:
(1) Spotted came in first: true in the second order.
(2) Red finished last: true in the first order.
(4) White came in second: White is third or fifth, so this is never true.
(3) Black came in second: true in the second order.
(5) One horse between Black and White: true in the first order (Black 1st, Spotted 2nd, White 3rd).
Final Answer:
The correct option is (4): White came in second cannot be true.