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Crowd Funding Interview Questions & Answers - Learning Mode

Crowd Funding Interview Questions & Answers - Learning Mode

Crowdfunding (a form of crowdsourcing) is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods. Crowdfunding is by definition, ?the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.? Crowdfunding is gathering momentum as more entrepreneurs than ever before take to the web in a bid to find funding for their idea.

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Crowd Funding Interview Questions & Answers - Learning Mode
Try Crowd Funding Interview Questions & Answers - Exam Mode
Question: Is Milaap a genuine crowd sourcing platform? What are its charges?

Answer: Milaap is a successful crowd sourcing platform aimed at the poor, hard-working individuals to raise funds. Milaap charges its field partners a 5% fee for the funds raised. Milaap has been able to successfully manage $6.13M in investing in over 36,609 projects for 52,922 users from its inception. For more information you can check the official website of Milaap at Source:
Question: I am planning to open a new business but i am slightly lacking in finances. Is Crowd Sourcing a good idea?

Answer: Many entrepreneurs have used the unique method of crowd sourcing to raise finances for their business. In crowd sourcing you as an entrepreneur suggest a business idea and share it with other people. People can then decide about the idea and invest in your business if the idea attracts them. As per the SEBI guidelines, companies are allowed to raise a maximum capital of Rs 10 crore in a year through crowd sourcing. There are multiple crowd funding platforms in India you can consider. Source:
Question: I am looking for a crowd funding platform and someone suggested me Rang De as a god option. Any reviews on the platform?

Answer: Before you look out for a crowd sourcing platform to raise money know that as per the SEBI guidelines, companies are allowed to raise a maximum capital of Rs 10 crore in a year through crowd sourcing. Rang De is one of the oldest crowd funding platforms in India with operations back to 2008. Rang De has been beneficial in offering funding to people of low income group and rural area bringing down the cost of micro credit. Rang De in a nonprofit organization but earns a nominal commission of 2% o Source:


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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
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