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With reference to the Open Network for Digital Commerce (ONDC), consider the following statements:
1. It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.
2. It is an initiative of NITI Aayog.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Open Network for Digital Commerce (ONDC), consid...
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has initiated a project on Open Network for Digital Commerce (ONDC).
  • The task has been assigned to Quality Council of India (QCI).
  • ONDC aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.
  • ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.
  • An advisory council has been constituted to advise the Government on measures needed to design and accelerate adoption of ONDC. Additional Secretary (ITeC), DPIIT shall be the convenor of the Advisory Council.
Hence only statement 1 is correct.
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With reference to the Open Network for Digital Commerce (ONDC), consider the following statements:1. It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.2. It is an initiative of NITI Aayog.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Open Network for Digital Commerce (ONDC), consider the following statements:1. It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.2. It is an initiative of NITI Aayog.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Open Network for Digital Commerce (ONDC), consider the following statements:1. It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.2. It is an initiative of NITI Aayog.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Open Network for Digital Commerce (ONDC), consider the following statements:1. It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.2. It is an initiative of NITI Aayog.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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