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Consider the following statements regarding Open Network for Digital Commerce (ONDC).
- ONDC is an interoperable network that seeks to democratise digital commerce in India.
- ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries.
- The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network.
- ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.
Which of the above statements is/are correct?
- a)1, 2, 3
- b)2, 3, 4
- c)1, 3, 4
- d)1, 2, 3, 4
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Open Network for Digital C...
Statement 1: ONDC is an interoperable network that seeks to democratise digital commerce in India.
Statement 2: ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries.
Statement 3: The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network.
Statement 4: ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.
Explanation:
Statement 1: The Open Network for Digital Commerce (ONDC) is indeed an interoperable network that aims to democratise digital commerce in India. It aims to provide a level playing field for all participants in the digital commerce ecosystem, including small and medium enterprises (SMEs) and startups, by enabling seamless connectivity and interoperability between various digital commerce platforms and services.
Statement 2: This statement is also correct. ONDC eliminates the need for buyers and sellers to use the same application by providing a common set of APIs (Application Programming Interfaces) that can be integrated into various digital commerce applications. This promotes the discoverability of local digital stores across industries, making it easier for consumers to find and access a wide range of products and services.
Statement 3: The ONDC entity is a not-for-profit company incorporated under the Companies Act 2013. It was established to manage and operate the ONDC Network. The company is responsible for developing and maintaining the technical infrastructure, ensuring security and privacy, and facilitating the smooth functioning of the ONDC ecosystem.
Statement 4: This statement is also correct. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry. The DPIIT recognizes the potential of ONDC to drive digital commerce growth, enhance consumer choice, and contribute to the overall development of the digital economy in India.
Conclusion:
All the given statements are correct. ONDC is an interoperable network that aims to democratise digital commerce in India. It eliminates the need for buyers and sellers to use the same application and promotes the discoverability of local digital stores. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. Furthermore, ONDC has been endorsed by the DPIIT under the Union Ministry of Commerce and Industry.
Statement 2: ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries.
Statement 3: The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network.
Statement 4: ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.
Explanation:
Statement 1: The Open Network for Digital Commerce (ONDC) is indeed an interoperable network that aims to democratise digital commerce in India. It aims to provide a level playing field for all participants in the digital commerce ecosystem, including small and medium enterprises (SMEs) and startups, by enabling seamless connectivity and interoperability between various digital commerce platforms and services.
Statement 2: This statement is also correct. ONDC eliminates the need for buyers and sellers to use the same application by providing a common set of APIs (Application Programming Interfaces) that can be integrated into various digital commerce applications. This promotes the discoverability of local digital stores across industries, making it easier for consumers to find and access a wide range of products and services.
Statement 3: The ONDC entity is a not-for-profit company incorporated under the Companies Act 2013. It was established to manage and operate the ONDC Network. The company is responsible for developing and maintaining the technical infrastructure, ensuring security and privacy, and facilitating the smooth functioning of the ONDC ecosystem.
Statement 4: This statement is also correct. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry. The DPIIT recognizes the potential of ONDC to drive digital commerce growth, enhance consumer choice, and contribute to the overall development of the digital economy in India.
Conclusion:
All the given statements are correct. ONDC is an interoperable network that aims to democratise digital commerce in India. It eliminates the need for buyers and sellers to use the same application and promotes the discoverability of local digital stores. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. Furthermore, ONDC has been endorsed by the DPIIT under the Union Ministry of Commerce and Industry.
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Community Answer
Consider the following statements regarding Open Network for Digital C...
ONDC is an interoperable network based on the BeckN protocol that anyone can piggyback on. It seeks to break down silos in digital commerce by enabling platforms of varying configurations (big or small) to connect and operate seamlessly on it.
It comprises different entities called ‘Network Participants’, including Buyer Applications, Seller Applications, and Gateways that perform the search and discovery function. Imagine a scenario where all the large e-commerce platforms, from food delivery to clothing and fashion to conveyance, are accessible in one place, along with your neighbourhood start-ups, shops, and kirana stores.
How does this help, and why is it significant?
By moving the exchange of goods and services from a platform-centric approach to a network-centric approach, ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries.
By moving the exchange of goods and services from a platform-centric approach to a network-centric approach, ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries.
What is ONDC’s inclusive governance approach?
The ONDC entity, a not-for-profit company incorporated under Section 8 of the Companies Act 2013, manages and operates the ONDC Network.
The ONDC entity, a not-for-profit company incorporated under Section 8 of the Companies Act 2013, manages and operates the ONDC Network.
It is responsible for building and maintaining the underlying infrastructure (common registries and protocols) as well as defining the rules of engagement and code of conduct for the Network Participants through the ONDC Network Policy and the ONDC Network Participant Agreement.
To what extent will the government be involved in ONDC?
ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry. DPIIT is not involved in ONDC’s funding, but is at the forefront of its evangelisation through light-touch governmental oversight.
ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry. DPIIT is not involved in ONDC’s funding, but is at the forefront of its evangelisation through light-touch governmental oversight.
To ensure a market+community driven approach to decision-making, the board includes representatives from banks, the government, and independent industry and civil society members.
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Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding Open Network for Digital Commerce (ONDC). ONDC is an interoperable network that seeks to democratise digital commerce in India. ONDC eliminates the need for buyers and sellers to use the same application, and promotes the discoverability of local digital stores across industries. The ONDC entity, a not-for-profit company incorporated under the Companies Act 2013, manages and operates the ONDC Network. ONDC has been endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry.Which of the above statements is/are correct?a)1, 2, 3b)2, 3, 4c)1, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
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