Question

Which word in the sentence is a gerund? Winning isn't important, or so the fans are saying since our loss. A. winning B. loss C. saying D. important

Answer 1

i think it is c.saying

Answer 2

The correct answer is A, winning, because it is used as a noun here, and gerunds are often used as nouns.
Saying cannot be a gerund, because it is a part of present progressive tense 'are saying', which means that it has to be a present participle.