Q97.
Which of the following statements about Crowdfunding is/are correct ? Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project. 2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures. Select the answer using the code given below :
Answer
C
Explanation
Crowdfunding involves soliciting relatively small contributions from many people through online platforms for a defined project or venture. Its attraction for smaller enterprises includes broader access to capital and potentially lower intermediation costs than conventional routes, subject to the applicable regulatory framework. Hence both statements → C.