ObjectiveMcq
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Which of the following statements about Crowdfunding is/are correct?
Select the answer using the code given below:
Correct Answer: C — Both 1 and 2
Explanation:
Crowdfunding is correctly described as raising small amounts from many people through online platforms for a specific project or venture. It is also a way for SMEs to access funds more easily and often with lower procedural barriers than traditional fundraising routes. Hence both statements are accepted.