The GATE Grind

GATE 2020 ME (ME1) – Question 6

General Aptitude · Analytical Aptitude: Logical Reasoning and Deduction · 2 marks · Multiple choice

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 this paragraph, which statement 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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Show answer and explanation

Correct answer: (D) Funds raised through voluntary contributions on web-based platforms.

Explanation

The paragraph says many people are willing to invest smaller amounts through web platforms. Willingness makes the contributions voluntary. Large, coerced and unwilling contributions contradict the description. **Answer: D.**