Q. Which of the following is/are the benefits of Open Network for Digital Commerce (ONDC)?
aReduce the unfair trade practices of e-commerce players.
bUnify multiple smaller players.
cCurbing digital monopoly in the e-commerce sector.
Select the correct answer from the codes given below:
Answer: D
Notes:
The Unified Payment Interface (UPI) has disrupted the digital payments’ domain. ONDC seeks to achieve something similar for e-commerce.
It aims to democratise digital commerce by moving it away from platform-centric models like Amazon and Flipkart to an open network.
This will enable more sellers to be digitally visible. The transactions will also be executed through an open network.
The implementation of ONDC will provide the following advantages,
- Reduce the unfair trade practices of e-commerce players.
- Unify multiple smaller players.
- Curbing digital monopoly in the e-commerce sector.
Source: Business Standard
