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Recently the Government announced to roll out its indigenously developed online e-commerce network in ______ Indian cities to provide millions of Kirana stores consumer’s alternative multinational platforms.
  • a)
    100
  • b)
    125
  • c)
    75
  • d)
    200
  • e)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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Recently the Government announced to roll out its indigenously develo...
  • The commerce and industry ministry is all set to launch the pilot phase of open network for digital commerce.
  • The Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks
  • It will be launched in five cities -- Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore
  • ONDC has received its certificate of incorporation as a private sector led non-profit company on December 31, 2021.
  • A number of established companies are already integrated with ONDC.
  • The government has set up a nine-member advisory council, including Nandan Nilekani from Infosys and National Health Authority CEO R S Sharma, to ascertain steps required to design and accelerates adoption of ONDC.
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Directions: The passage given below is followed by a set of questions. Read the passage carefully to answer the questions that follow:The internationalisation of business transactions, which forces changes in product lines and process, has enabled a handful of advanced nations to dominate and control technology. This has put developing nations like India at a disadvantage, because it is difficult for a developing nation to shorten product cycles, matching the developed nations. In the near absence of a level-playing field, it is important for India to look for new avenues in technology.The scarcity of capital has led to a weak R&D base, making technological self-sufficiency a distant dream for the country. The gap between what the country spends on R&D and what needs to be spent, to develop optimum technological capability, is wide. The USA spends annually about $150 billion on R&D followed by about $100 billion by Japan. The amount made available in India for S&T efforts is a nominal $1 billion. India's R&D spending is less than one percent of sales against 3 to 4 percent in OECD countries. Besides, nearly 90 percent of patents currently in force in India are meant to protect foreign patent-holders regarding technology innovations.To top it, Indian industry has been reluctant in developing technology-intensive production lines. There has been a general hesitance to either invest in indigenous R&D or go in for technology imports. What is interesting is that despite the technological backwardness, our expenditure on indigenous R&D has exceeded that of technology imports. In fact, royalty payments and technical fees as a percentage of sales- a proxy for technology imports - by large industrial houses is below 0.5 percent compared to R&D to sales ratio of about one percent.Perhaps, the need to resolve the immediate problems of production is better served by local R&D rather than imported technology. The large domestic market and inadequate investable resources is made to justify near autarky in technology acquisition.Of late, Indian industry, spurred by the liberalisation process, is taking a decisive turn to scale the technology barrier. It is, however, feared that the Indian entrepreneurs’ bid to integrate their production pattern with the world system might be met by technological production by western industries.The transnational corporations would ideally prefer the diffusion of technology embodied in exportable products then technology transfer. But, with the development of a strong manufacturing base in India, it is no longer possible for the transnationals to technologically monopolise all the production lines in the manufacturing industry. Hence, the multinationals from the industrial countries have changed their attitude towards sharing their technology with India. There has been discernible shift towards supply of know-how through foreign direct investment and licences in both low and medium R&D intensive areas.Enquiries from recipient firms in India have revealed that foreign firms are amenable to supplying know-how in manufacturing and capital goods industry. In fact, many engineering units have obtained the best possible technology in their area of operation. Similarly, a number of automobiles and chemicals units are reported to have obtained the latest technology, which has enabled them to become market leaders in their fields.Assimilation of technology, supplied by foreign companies to Indian firms, has brought discernible improvements in product quality, besides leading to energy conservation, capacity increase and pollution control. In such cases, the efficacy of technology transfer depends upon the relationship of the buyer with the supplier, which ultimately decides the success of the deal.In order to facilitate technology orientation, the government has taken some initiatives. Nevertheless, the efficient science-industry linkage, considered to be imperative for technology progress, has not yet materialised.Besides, our technology programme has yet to take stock of the present scenario, whereby internationalisation of business transactions has become a new reality. Our policies have failed to counter the threat posed by the globalisation process which, by moving towards the inter-dependence of nations, would result in the dependence of developing countries on the advanced nations.Our policy makers have chosen to ignore the glaring reality that it is the synergy between the industrial, financial and trade policies in identified areas of national priorities which could help work the technology miracle. Though the government encourages foreign investment in hi-tech areas, there has been no attempt to match technology with the scale of production. The country does not even have a credible policy for taking advantage of the advanced foreign sector, whose dominant presence is sought by the policy maker. The result: an increase in foreign investment and technology transfer and a refurbished manufacturing base but such that it would hardly enable us to break away from the dependency syndrome experienced vis-a-vis transnationals. In this connection, it may be noted that Japan carefully screened all technology contracts so that investment took place on favourable terms and placed severe restriction on foreign capital which was perceived to be detrimental to its interests.We have the capability to move from our present position of peripheral dependence to that of a mainstream player. It needs the will to re-orient our technology imperatives, evaluate its applicability and focus on a few strategic areas in which we have dynamic comparative advantage.There is no gainsaying that the ongoing protectionist tendency has compelled India to resort to import substitution in strategic hitech areas. Nevertheless, our endeavour should be to further strengthen our expertise in the traditional sphere of adaptive technology. But it is most important that apart from the above, we should focus on developing our human resources in which we have a potential comparative advantage.A large reservoir of scientific manpower could be effectively utilised to help India make a dent in the technology market where knowledge-intensive industries enjoy a monopoly status. Our human resources can be optimally deployed to make us world leaders in resource-based industries like information technology, computer software, systems engineering, design and biotechnology.A suitable policy framework, which at the outset, would aim at encouraging foreign investment, to develop our resource endowment areas which will utilise our existing talent and strengthen our comparative advantage in the long run, is necessary. India has the capability to penetrate the technology cartel created by multinationals in mainstream developed nations.Q. Globalisation is the new reality but there is a threat inherent to the interdependence of countries. This threat is

Direction: Read the given passage carefully and select the best answer to each question out of the five given alternatives.In the northwestern Chinese province of Gansu, the government believes that one way to eliminate poverty is tied to the region's speciality dish — hand-pulled noodles in a beef broth. The chewy noodles, made from flour and water, are a popular dish, bathed in clear broth and topped with spice-braised beef, fresh cilantro, green onions and hot chilli oil. A bowl goes for as little as 8 yuan — about $1.50. In mid-March, Gansu province authorities announced that this year they will train 15,000 people from impoverished areas to make the noodles from scratch. The hope is that these new noodlers will land jobs at noodle shops or open their own. The government will offer financial incentives to companies and individuals to meet the goal of opening 1,500 new noodle shops in 2019. Last year, some 12,000 people joined the noodle skills training programs in the province's capital city Lanzhou and in Beijing. According to the government, 90 percent of them found noodle-related jobs after. Those who left the province for noodle work are earning more than 4,000 yuan (about $590) a month. There is only so much that noodles can do in the war against poverty.President Xi Jinping is putting on the pressure by vowing to eradicate rural poverty by 2020. There are 16.6 million rural poor in China. In Guizhou, the country's poorest province, the local government has partnered with private enterprises to develop tourism. Wanda Group, a high-profile Chinese property developer, allocated 1.5 billion yuan (about $223 million) in Danzhai county, building a tourist village to showcase the architecture and dancing and singing performances of the ethnic Miao and Dong minorities. The tourist village appears to be generating jobs. Within a year of its opening in 2017, the state media agency Xinhua reports 5.5 million visitors from outside cities.Which of the following words is the OPPOSITE in meaning to the word Eradicate as given in the passage?

Direction: Read the given passage carefully and select the best answer to each question out of the five given alternatives.In the northwestern Chinese province of Gansu, the government believes that one way to eliminate poverty is tied to the region's speciality dish — hand-pulled noodles in a beef broth. The chewy noodles, made from flour and water, are a popular dish, bathed in clear broth and topped with spice-braised beef, fresh cilantro, green onions and hot chilli oil. A bowl goes for as little as 8 yuan — about $1.50. In mid-March, Gansu province authorities announced that this year they will train 15,000 people from impoverished areas to make the noodles from scratch. The hope is that these new noodlers will land jobs at noodle shops or open their own. The government will offer financial incentives to companies and individuals to meet the goal of opening 1,500 new noodle shops in 2019. Last year, some 12,000 people joined the noodle skills training programs in the province's capital city Lanzhou and in Beijing. According to the government, 90 percent of them found noodle-related jobs after. Those who left the province for noodle work are earning more than 4,000 yuan (about $590) a month. There is only so much that noodles can do in the war against poverty.President Xi Jinping is putting on the pressure by vowing to eradicate rural poverty by 2020. There are 16.6 million rural poor in China. In Guizhou, the country's poorest province, the local government has partnered with private enterprises to develop tourism. Wanda Group, a high-profile Chinese property developer, allocated 1.5 billion yuan (about $223 million) in Danzhai county, building a tourist village to showcase the architecture and dancing and singing performances of the ethnic Miao and Dong minorities. The tourist village appears to be generating jobs. Within a year of its opening in 2017, the state media agency Xinhua reports 5.5 million visitors from outside cities.Which of the following is not said about the noodles in the paragraph?

Direction: Read the given passage carefully and select the best answer to each question out of the five given alternatives.In the northwestern Chinese province of Gansu, the government believes that one way to eliminate poverty is tied to the region's speciality dish — hand-pulled noodles in a beef broth. The chewy noodles, made from flour and water, are a popular dish, bathed in clear broth and topped with spice-braised beef, fresh cilantro, green onions and hot chilli oil. A bowl goes for as little as 8 yuan — about $1.50. In mid-March, Gansu province authorities announced that this year they will train 15,000 people from impoverished areas to make the noodles from scratch. The hope is that these new noodlers will land jobs at noodle shops or open their own. The government will offer financial incentives to companies and individuals to meet the goal of opening 1,500 new noodle shops in 2019. Last year, some 12,000 people joined the noodle skills training programs in the province's capital city Lanzhou and in Beijing. According to the government, 90 percent of them found noodle-related jobs after. Those who left the province for noodle work are earning more than 4,000 yuan (about $590) a month. There is only so much that noodles can do in the war against poverty.President Xi Jinping is putting on the pressure by vowing to eradicate rural poverty by 2020. There are 16.6 million rural poor in China. In Guizhou, the country's poorest province, the local government has partnered with private enterprises to develop tourism. Wanda Group, a high-profile Chinese property developer, allocated 1.5 billion yuan (about $223 million) in Danzhai county, building a tourist village to showcase the architecture and dancing and singing performances of the ethnic Miao and Dong minorities. The tourist village appears to be generating jobs. Within a year of its opening in 2017, the state media agency Xinhua reports 5.5 million visitors from outside cities.According to the passage, why does the government believe that one way to eliminate poverty is tied to noodles?I. A bowl costs as little as 8 yuan or about $1.50.II. New noodlers will land jobs at noodle shops or open their own.III. Goal of opening 1,500 new noodle shops.

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Recently the Government announced to roll out its indigenously developed online e-commerce network in ______ Indian cities to provide millions of Kirana stores consumer’s alternative multinational platforms.a)100b)125c)75d)200e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Recently the Government announced to roll out its indigenously developed online e-commerce network in ______ Indian cities to provide millions of Kirana stores consumer’s alternative multinational platforms.a)100b)125c)75d)200e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Recently the Government announced to roll out its indigenously developed online e-commerce network in ______ Indian cities to provide millions of Kirana stores consumer’s alternative multinational platforms.a)100b)125c)75d)200e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently the Government announced to roll out its indigenously developed online e-commerce network in ______ Indian cities to provide millions of Kirana stores consumer’s alternative multinational platforms.a)100b)125c)75d)200e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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