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UPSC Civil ServicesPrelims2026General Studies Paper I
Question
QQ97. Which of the following statements about Crowdfunding is/are correct ? 1. 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 :
Options
- A 1 only
- B 2 only
- C Both 1 and 2
- D Neither 1 nor 2
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Correct Answer
C Both 1 and 2
Model Answer
Answer: option C, as per UPSC's provisional answer key of 27 May 2026 (Series A). UPSC publishes the final key after the exam's final result.