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 democratize 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✓ Correct
C.2 and 3 only
D.3 only
Explanation
ONDC (Open Network for Digital Commerce) was launched in 2021 by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, so statement 1 is correct. Its aim is to democratize e-commerce by moving from a platform-centric model to an open network model, enabling small retailers and consumers to participate equally, so statement 2 is correct. However, India has NOT surpassed China in e-retail penetration; China remains far ahead with much higher e-retail penetration rates, so statement 3 is incorrect.
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