Class 12 Exam > Class 12 Questions > Which Union Ministry is associated with the p...
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Which Union Ministry is associated with the pilot phase of the Open Network for Digital Commerce (ONDC)?
- a)Ministry of Commerce and Industry
- b)Ministry of MSME
- c)Ministry of Home Affairs
- d)Ministry of Electronics and IT
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which Union Ministry is associated with the pilot phase of the Open Ne...
Ministry of Commerce and Industry is associated with the pilot phase of the Open Network for Digital Commerce (ONDC).
ONDC
Open Network for Digital Commerce (ONDC) is a project initiated by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, to create an open-source platform for e-commerce.
Pilot Phase
The pilot phase of ONDC was launched on June 1, 2021, by the Ministry of Commerce and Industry. The pilot phase is aimed at testing the platform's functionalities and capabilities in a controlled environment.
Objectives
The objectives of the ONDC platform are:
- To provide a common platform for all e-commerce players, including small and medium enterprises (SMEs), to conduct their business in a fair and transparent manner.
- To reduce the dependency on foreign e-commerce platforms and promote the growth of domestic e-commerce players.
- To ensure that consumer data is protected and not misused by e-commerce players.
Features
The ONDC platform will have the following features:
- A unified registration process for all players, including buyers, sellers, logistics providers, and payment gateways.
- A common product catalog for all e-commerce players.
- A dispute resolution mechanism.
- A rating system for sellers and buyers to ensure transparency and fairness.
- A secure and encrypted platform to protect consumer data.
Conclusion
The Ministry of Commerce and Industry is associated with the pilot phase of the Open Network for Digital Commerce (ONDC). The project aims to create an open-source platform for e-commerce that is fair, transparent, and secure. The pilot phase is currently underway, and the platform's functionalities and capabilities are being tested in a controlled environment.
ONDC
Open Network for Digital Commerce (ONDC) is a project initiated by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, to create an open-source platform for e-commerce.
Pilot Phase
The pilot phase of ONDC was launched on June 1, 2021, by the Ministry of Commerce and Industry. The pilot phase is aimed at testing the platform's functionalities and capabilities in a controlled environment.
Objectives
The objectives of the ONDC platform are:
- To provide a common platform for all e-commerce players, including small and medium enterprises (SMEs), to conduct their business in a fair and transparent manner.
- To reduce the dependency on foreign e-commerce platforms and promote the growth of domestic e-commerce players.
- To ensure that consumer data is protected and not misused by e-commerce players.
Features
The ONDC platform will have the following features:
- A unified registration process for all players, including buyers, sellers, logistics providers, and payment gateways.
- A common product catalog for all e-commerce players.
- A dispute resolution mechanism.
- A rating system for sellers and buyers to ensure transparency and fairness.
- A secure and encrypted platform to protect consumer data.
Conclusion
The Ministry of Commerce and Industry is associated with the pilot phase of the Open Network for Digital Commerce (ONDC). The project aims to create an open-source platform for e-commerce that is fair, transparent, and secure. The pilot phase is currently underway, and the platform's functionalities and capabilities are being tested in a controlled environment.
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Which Union Ministry is associated with the pilot phase of the Open Ne...
The Ministry of Commerce and Industry launched the pilot phase of the Open Network for Digital Commerce (ONDC).
It is a first-of-its-kind initiative globally to pave way for democratising digital commerce to enhance the penetration of digital commerce in the country. The initiative aims to promote an open platform for exchange of goods and services through electronic networks. ONDC would standardise operations, promote inclusion of local suppliers and increase efficiencies in logistics.
It is a first-of-its-kind initiative globally to pave way for democratising digital commerce to enhance the penetration of digital commerce in the country. The initiative aims to promote an open platform for exchange of goods and services through electronic networks. ONDC would standardise operations, promote inclusion of local suppliers and increase efficiencies in logistics.
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Which Union Ministry is associated with the pilot phase of the Open Network for Digital Commerce (ONDC)?a)Ministry of Commerce and Industryb)Ministry of MSMEc)Ministry of Home Affairsd)Ministry of Electronics and ITCorrect answer is option 'A'. Can you explain this answer?
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