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Crowd funding deals with mobilisation of funds for a project from a large number of people, who would be willing to invest smaller amounts through web-based platforms in the project. Based on the above paragraph, which of the following is correct about crowd funding?
  • a)
    Funds raised through unwilling contributions on web-based platforms.
  • b)
    Funds raised through coerced contributions on web-based platforms.
  • c)
    Funds raised through large contributions on web-based platforms.
  • d)
    Funds raised through voluntary contributions on web-based platforms.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Crowd funding deals with mobilisation of funds for a project from a la...
Crowd funding has been defined as a large number of people making small cantribution for a project. Only option and is implied.
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Most Upvoted Answer
Crowd funding deals with mobilisation of funds for a project from a la...
Explanation:

Crowd funding is a method of raising funds for a project by collecting small contributions from a large number of people through web-based platforms. It allows individuals to invest smaller amounts in a project they believe in, which may not be possible through traditional fundraising methods.

Key Points:

- Mobilisation of funds for a project
- Large number of people
- Web-based platforms
- Smaller amounts of investment

Analysis of Options:

a) Funds raised through unwilling contributions on web-based platforms.
- The paragraph does not mention anything about unwilling contributions. It states that people would be willing to invest smaller amounts.

b) Funds raised through coerced contributions on web-based platforms.
- The paragraph does not mention anything about coerced contributions. It states that people would willingly invest smaller amounts.

c) Funds raised through large contributions on web-based platforms.
- The paragraph states that funds are raised through smaller amounts of investment, not large contributions.

d) Funds raised through voluntary contributions on web-based platforms.
- The paragraph mentions that people would be willing to invest smaller amounts through web-based platforms. This implies that the contributions are voluntary.

Conclusion:

Based on the information provided in the paragraph, the correct option is (d) Funds raised through voluntary contributions on web-based platforms.
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Crowd funding deals with mobilisation of funds for a project from a large number of people, who would be willing to invest smaller amounts through web-based platforms in the project. Based on the above paragraph, which of the following is correct about crowd funding?a)Funds raised through unwilling contributions on web-based platforms.b)Funds raised through coerced contributions on web-based platforms.c)Funds raised through large contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platforms.Correct answer is option 'D'. Can you explain this answer?
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Crowd funding deals with mobilisation of funds for a project from a large number of people, who would be willing to invest smaller amounts through web-based platforms in the project. Based on the above paragraph, which of the following is correct about crowd funding?a)Funds raised through unwilling contributions on web-based platforms.b)Funds raised through coerced contributions on web-based platforms.c)Funds raised through large contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platforms.Correct answer is option 'D'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about Crowd funding deals with mobilisation of funds for a project from a large number of people, who would be willing to invest smaller amounts through web-based platforms in the project. Based on the above paragraph, which of the following is correct about crowd funding?a)Funds raised through unwilling contributions on web-based platforms.b)Funds raised through coerced contributions on web-based platforms.c)Funds raised through large contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platforms.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Crowd funding deals with mobilisation of funds for a project from a large number of people, who would be willing to invest smaller amounts through web-based platforms in the project. Based on the above paragraph, which of the following is correct about crowd funding?a)Funds raised through unwilling contributions on web-based platforms.b)Funds raised through coerced contributions on web-based platforms.c)Funds raised through large contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platforms.Correct answer is option 'D'. Can you explain this answer?.
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