Which of the following statements about Open Network for Digital Commerce (ONDC) is/are correct? 1. It was launched in 2021 by the Government of India. 2. Its aim is to democratise E-commerce in India 3. India has surpassed China in 2024 in E-retail penetration. Select the answer using the code given below:
- A. 1, 2 and 3
- B. 1 and 2 only ✓
- C. 2 and 3 only
- D. 3 only
Correct Answer: B. 1 and 2 only
Explanation
ONDC was launched in 2021 to democratize e-commerce. However, China still maintains a higher e-retail penetration rate than India as of 2024.
Related questions on Economy
- Core inflation is:
- "Nirbhaya Fund", a non-lapsable corpus fund, which is to be utilised for the projects specifically designed to improve the safety and securi...
- Consider the following statements with respect to performance of the merchandise export of India in FY-2024: 1. Share of Capital goods such ...
- While calculating the consumer price index, 'housing' as an item is classified as:
- Which one among the following established the first Global Capability Centre in India?