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Consider the following statements with reference to Open Network for Digital Commerce :
(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.
(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.
(c) It is an initiative under the Ministry of Electronics & Information Technology.
Which of the statements given above is/are correct ?
- a)1 and 2 only
- b)2 only
- c)1 only
- d)1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to Open Network for D...
- Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks. ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. The foundations of ONDC are to be open protocols for all aspects of the entire chain of activities in the exchange of goods and services, similar to hypertext transfer protocol (HTTP) for information exchange over the internet, simple mail transfer protocol (SMTP) for the exchange of emails, and unified payments interface (UPI) for payments. So, Statement 1 is correct.
- The open protocols would be used for establishing public digital infrastructure in the form of open registries and open network gateways to enable the exchange of information between providers and consumers. Providers and consumers can use any compatible application of their choice to exchange information and carry out transactions over ONDC. In this way, ONDC aims to create new opportunities and helps to curb digital monopolies by supporting micro, small and medium enterprises and small traders. So, Statement 2 is correct.
- Open Network for Digital Commerce (ONDC) is an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, to create a facilitative model to revolutionize digital commerce, giving greater thrust to penetration of retail e-commerce in India. So, Statement 3 is not correct.
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Consider the following statements with reference to Open Network for D...
Open Network for Digital Commerce
Statement Analysis:
(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.
(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.
(c) It is an initiative under the Ministry of Electronics & Information Technology.
Correct Statement:
(a) 1 and 2 only
Explanation:
The Open Network for Digital Commerce is an initiative that focuses on promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks. This means that it aims to create a level playing field for all participants in the digital commerce ecosystem, including small traders and businesses. By supporting micro, small, and medium enterprises, the initiative helps in curbing digital monopolies and fostering a more competitive marketplace.
Additionally, the Open Network for Digital Commerce is indeed an initiative under the Ministry of Electronics & Information Technology. Therefore, statement (a) is correct as it aligns with the objectives of the initiative, while statement (b) is also accurate given the initiative's focus on empowering small traders and businesses. Statement (c) further confirms the connection of the initiative with the Ministry of Electronics & Information Technology.
Statement Analysis:
(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.
(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.
(c) It is an initiative under the Ministry of Electronics & Information Technology.
Correct Statement:
(a) 1 and 2 only
Explanation:
The Open Network for Digital Commerce is an initiative that focuses on promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks. This means that it aims to create a level playing field for all participants in the digital commerce ecosystem, including small traders and businesses. By supporting micro, small, and medium enterprises, the initiative helps in curbing digital monopolies and fostering a more competitive marketplace.
Additionally, the Open Network for Digital Commerce is indeed an initiative under the Ministry of Electronics & Information Technology. Therefore, statement (a) is correct as it aligns with the objectives of the initiative, while statement (b) is also accurate given the initiative's focus on empowering small traders and businesses. Statement (c) further confirms the connection of the initiative with the Ministry of Electronics & Information Technology.
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Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements with reference to Open Network for Digital Commerce :(a) It promotes open networks for all aspects of the exchange of goods and services over digital or electronic networks.(b) It helps in curbing digital monopolies by supporting micro, small and medium enterprises and small traders.(c) It is an initiative under the Ministry of Electronics & Information Technology.Which of the statements given above is/are correct ?a)1 and 2 onlyb)2 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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