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Reading Comprehension Passage: 89 | 100 RC`s for Government Exams Preparation - Bank Exams PDF Download

Direction: Read the following passage carefully and answer the questions that follow.
India’s e-commerce sector, poised to grow four times to $150 billion by 2022, is still a work in progress when it comes to safeguarding customer interest. Consumers are still compelled to take wild chances in online transactions. There is little they can do if their calls go wrong. Returns and reimbursements are risky and cumber some. There are no authentic ways to figure out if product reviews, ratings or even discounts are genuine. So, it is heartening to see the government coming up with a set of guidelines to protect interests of consumers. The guidelines released last week by the Consumer Affairs Ministry in this regard emphasize that an e-commerce entity shall not influence the price of the goods or services, adopt any unfair or deceptive methods to influence transactional decisions of consumers or falsely represent themselves as consumers and post reviews about goods and services. The guidelines on returns and refunds favour consumers. The message seems simple: If online companies want to dupe consumers to earn extra bucks, they’re in trouble.
Clearly, the Ministry’s thinking seems to be in line with the way the Centre’s approach to regulating the fast-growing e-commerce sector. It is, however, worth considering whether the Department of Promotion of Industry and Internal Trade (then DIPP) will strike the right balance between regulating consumer interests and encouraging innovation and investment, without discriminating against a particular class of investors. Now marketplace entities won’t be able to buy more than 25 per cent from a single vendor, give discounts on products or sell the goods of the companies in which there is equity participation by the marketplace entity. The changes had irked foreign e-tailers who felt the rules would _____ (A) _____ their business models and could cost them time and money. But anecdotal evidence does not entirely seem to bear that out.
The DPIIT is also framing an e-commerce policy and, like the Consumer Affairs Ministry, has put up the draft for comments. The draft talks about the country retaining ownership and control of data generated within the country, rigorous monitoring of cross-border imports, placing the responsibility of consumer protection on the intermediary and addressing the issue of piracy. That said, the element of indecision over data localisation requirement is still a worry. Attempts made by both the DPIIT and the MeitY in the e-commerce policy and the data protection policy, respectively, to make a case for storage of personal data locally (along with the RBI in the case of payment systems) have predictably resulted in a lot of protests from the EU and US entities. While the Centre is certainly on a sound wicket here, it should take a call soon — without succumbing to the recent tendency to over-regulate business.

Question for Reading Comprehension Passage: 89
Try yourself:Which among the following is correct regarding the prospect of e-commerce sector in India?
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following is/are the problem(s) faced by the e-commerce customers in India these days, as stated in the passage?
I. They do not get the money back easily in case they have to return the products delivered to them.
II. They have no credible information regarding the products and the feedback regarding them available to them.
III. They have to pay extra to ship the products directly to their homes as they do not need to come out for shopping.
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following is correct regarding the opinion of the government on the storage of data, as stated in the passage?
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following can be inferred from the sentence – “It is, however, worth considering whether the Department of Promotion of Industry and Internal Trade (then DIPP) will strike the right balance between regulating consumer interests and encouraging innovation and investment, without discriminating against a particular class of investors”?
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following should be placed in the blank (A) in order to make the sentence meaningful?
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following is SIMILAR in meaning to the word Dupe as used in the passage?
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Question for Reading Comprehension Passage: 89
Try yourself:Which among the following is OPPOSITE in meaning to the word Cumbersome as used in the passage?
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