IES ESE 2018 PAPER SOLUTION

Q. What is crowdfunding?

A. money collected for public welfare projects by levying an entry fee to exhibitions, shows etc.
B.  money collected by charitable organisations by placing a donation box at prominent locations
C. money raised by innovators and inventors by launching their products and services through the internet
D. money raised by individuals by passing the hat around to onlookers at a street performance.

Answer: Money raised by innovators and inventors by launching their products and services through the internet
EXPLANATION
Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together.