Q. With reference to Open Network for Digital Commerce (ONDC) platform consider the following statements:
1.It is an online e-commerce platform that will be owned by the Government of India.
2.The platform will digitise the entire value chain, standardize operations, and enhance value for consumers.
Select the correct statements using the codes given below:
Statement 1: The statement is incorrect. ONDC is an open platform launched by the GoI to create new opportunities, curb digital monopolies by supporting micro, small and medium enterprises and small traders and help them get on online platforms. The government does not own it but provides a platform for small sellers to come online to ensure a level playing field.
Statement 2: ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.
Source: Live Mint