Q. Consider the following statements regarding “Open Network for Digital Commerce (ONDC)”:
1.In the ONDC framework, consumers can potentially discover any seller, product, or service by using any compatible application or platform.
2.It will increase the freedom of choice for the consumers and will enable them to match demand with the nearest available supply, allowing them to choose their preferred local businesses.
Which of the statements given above is/are correct?
Answer: C
Notes:
Explanation: While the initiatives mentioned above focused on bringing the government to the doorsteps of the citizens, a unique initiative that deserves special mention is the Open Network for Digital Commerce (ONDC).
- ONDC aims to go beyond the current platform-centric digital commerce model where the buyer and seller can use the same platform or application for transactions.
- ONDC is a network-based open protocol that would connect all the buyers and sellers on the network thus bringing better visibility across the Business-to-Consumer (B2C) & Business-to-Business (B2B) landscape.
- In the ONDC framework, consumers can potentially discover any seller, product, or service by using any compatible application or platform.
- This will increase the freedom of choice for the consumers and will enable them to match demand with the nearest available supply, allowing them to choose their preferred local businesses.
Source: Economic Survey 2023
