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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?
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 large contributions on web-based platforms.
- c)Funds raised through coerced 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 la...
Crowd Funding
Definition
Crowd funding is a method of raising funds for a project or venture by mobilizing a large number of people who are willing to invest smaller amounts through web-based platforms. It involves the collective effort of individuals who pool their resources to support a specific cause or business idea.
Characteristics of Crowd Funding
Crowd funding is characterized by the following features:
1. Voluntary Contributions: Crowd funding involves raising funds through voluntary contributions. Individuals who believe in the project or idea can contribute any amount they are willing to invest, often in exchange for rewards or equity.
2. Web-based Platforms: The funds are mobilized through web-based platforms, which provide a convenient and accessible medium for people to contribute. These platforms facilitate the collection of funds, provide information about the project, and enable communication between the project creators and the contributors.
3. Smaller Amounts: Crowd funding typically involves smaller individual contributions, as compared to traditional investment methods. This allows a larger number of people to participate and reduces the financial burden on individual investors.
4. Project-based: Crowd funding is focused on supporting specific projects or ventures. It can be used to fund a wide range of initiatives such as start-ups, creative projects, social causes, or charitable endeavors.
Correct Answer
The correct answer is option 'D': Funds raised through voluntary contributions on web-based platforms.
Explanation
The paragraph clearly states that crowd funding involves mobilizing funds from a large number of people who are willing to invest smaller amounts. This implies that the contributions are voluntary and individuals are not coerced or forced to invest. The funds are raised through web-based platforms, which provide a convenient medium for people to contribute based on their own willingness and interest in the project. Therefore, option 'D' is the correct answer.
Definition
Crowd funding is a method of raising funds for a project or venture by mobilizing a large number of people who are willing to invest smaller amounts through web-based platforms. It involves the collective effort of individuals who pool their resources to support a specific cause or business idea.
Characteristics of Crowd Funding
Crowd funding is characterized by the following features:
1. Voluntary Contributions: Crowd funding involves raising funds through voluntary contributions. Individuals who believe in the project or idea can contribute any amount they are willing to invest, often in exchange for rewards or equity.
2. Web-based Platforms: The funds are mobilized through web-based platforms, which provide a convenient and accessible medium for people to contribute. These platforms facilitate the collection of funds, provide information about the project, and enable communication between the project creators and the contributors.
3. Smaller Amounts: Crowd funding typically involves smaller individual contributions, as compared to traditional investment methods. This allows a larger number of people to participate and reduces the financial burden on individual investors.
4. Project-based: Crowd funding is focused on supporting specific projects or ventures. It can be used to fund a wide range of initiatives such as start-ups, creative projects, social causes, or charitable endeavors.
Correct Answer
The correct answer is option 'D': Funds raised through voluntary contributions on web-based platforms.
Explanation
The paragraph clearly states that crowd funding involves mobilizing funds from a large number of people who are willing to invest smaller amounts. This implies that the contributions are voluntary and individuals are not coerced or forced to invest. The funds are raised through web-based platforms, which provide a convenient medium for people to contribute based on their own willingness and interest in the project. Therefore, option 'D' is the correct answer.
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Crowd funding deals with mobilisation of funds for a project from a la...
The correct answer is Option D i.e. Funds raised through voluntary contributions on web-based platforms.
After reading the above paragraph one can easily comprehend that a large number of people voluntarily (proceeding from the will or from one's own choice or consent) invested in small amounts for the crowd-funding, now let's go through each option one by one.
- Option A states that- "Funds raised through unwilling contributions on web-based platforms.", this option is incorrect because the contribution was made willingly in small amounts by a large number of peoples.
- Option B states that- "Funds raised through large contributions on web-based platforms.", this option is incorrect, it has been clearly mentioned in the passage that a large number of people invest small amounts. (Large contributions are mentioned nowhere in the paragraph)
- Option C states that- "Funds raised through coerced contributions on web-based platforms.", Coerced means to compel to an act or choice or to achieve by force or threat, people were not forced to make a contribution in this crowd-funding they willingly invested small amounts. Hence, this option is incorrect as well.
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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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect answer is option 'D'. Can you explain this answer?
Question Description
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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect 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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect 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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect answer is option 'D'. Can you explain this answer?.
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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect 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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect 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 large contributions on web-based platforms.c)Funds raised through coerced contributions on web-based platforms.d)Funds raised through voluntary contributions on web-based platformsCorrect answer is option 'D'. Can you explain this answer?.
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