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GATE Mechanical 2020 Set 1 | GA Question: 6

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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?

  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
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  1. Funds raised through unwilling contributions on web-based platforms
    “who would be willing to invest”: so False.
  2. Funds raised through large contributions on web-based platforms
    ”invest smaller amounts”: so False
  3. Funds raised through coerced contributions on web-based platforms
    Coerced means “forced”. So, similar to option A this must be False.
  4. Funds raised through voluntary contributions on web-based platforms
    ”willing to invest smaller amounts through web-based platforms”: True.

Correct Answer: D.

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