Question

Crowd funding deals with mobilization 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?

Options :

  1. Funds raised through unwilling contributions on web-based platforms.

  2. Funds raised through large contributions on web-based platforms.

  3. Funds raised through coerced contributions on web-based platforms.

  4. Funds raised through voluntary contributions on web-based platforms.

Show Answer

Answer :

Funds raised through voluntary contributions on web-based platforms.

Solution :

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)

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