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Consider the following statements regarding the Open Network Digital Commerce:
1. It is an open-source network set up to democratise electronic commerce.
2. It was established by the union Ministry of Electronics and Information Technology.
Which of the statements given above is/are correct?
- 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?
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Consider the following statements regarding the Open Network Digital C...
In a first, the Centre has on boarded 11 fair price shops on the state-run e-commerce portal Open Network Digital Commerce (ONDC).
- It is an open-source network set up to enable buyers and sellers to transact with each other irrespective of the e-commerce platform on which either of them are registered.
- It will enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application.
- It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
- Purpose
- To promote open networks for all aspects of exchange of goods and services over digital or electronic networks.
- To create new opportunities, curb digital monopolies and by supporting micro, small and medium enterprises and small traders and help them get on online platforms.
- It seeks to democratise digital or electronic commerce, moving it from a platform-centric model to an open-network.
- Benefits:
- It offers small retailers an opportunity to provide their services, and goods to buyers across the country through an e-commerce system.
- It enables merchants to save their data to build credit history and reach consumers.
- It is expected to digitise the entire value chain, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.
- ONDC protocols would standardize operations like cataloguing, inventory management, order management and order fulfilment.
Hence only statement 1 is correct.
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Consider the following statements regarding the Open Network Digital Commerce:1. It is anopen-source networkset up to democratise electronic commerce.2. It was established by the union Ministry of Electronics and Information Technology.Which of the statements given above is/are correct?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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Consider the following statements regarding the Open Network Digital Commerce:1. It is anopen-source networkset up to democratise electronic commerce.2. It was established by the union Ministry of Electronics and Information Technology.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 regarding the Open Network Digital Commerce:1. It is anopen-source networkset up to democratise electronic commerce.2. It was established by the union Ministry of Electronics and Information Technology.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 regarding the Open Network Digital Commerce:1. It is anopen-source networkset up to democratise electronic commerce.2. It was established by the union Ministry of Electronics and Information Technology.Which of the statements given above is/are correct?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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