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Consider the following statements regarding ‘Open Network for Digital Commerce’
  1. It is envisaged as a neutral platform that will set protocols for cataloguing, vendor match, and price discovery in open source on the lines of the Unified Payments Interface (UPI)
  2. It is being built by Department of Science and Technology under Ministry of Science and Technology
Choose the correct statement(s)
  • 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?
Most Upvoted Answer
Consider the following statements regarding ‘Open Network for Di...
 
Statement Analysis:
Statement 1
Correct

ONDC is envisaged as a neutral platform that will set protocols for cataloguing, vendor match, and price discovery in open source on the lines of the Unified Payments Interface (UPI). It will enable buyers and sellers to be digitally visible and transact through an open network no matter what platform/application they use
Statement 2
Incorrect

The Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry is building an Open Network for Digital Commerce (ONDC).
Context- Quality Council of India set up team of experts to execute proposed ONDC project
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Consider the following statements regarding ‘Open Network for Digital Commerce’ It is envisaged as a neutral platform that will set protocols for cataloguing, vendor match, and price discovery in open source on the lines of the Unified Payments Interface (UPI) It is being built by Department of Science and Technology under Ministry of Science and TechnologyChoose the correct statement(s)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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