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?
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? Correct Answer Funds raised through voluntary contributions on web-based platforms
The correct answer is Option 4 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 1 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 2 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 3 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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Feb 20, 2025