Economics · Economy
Consider the following statements: Statement I: The Open Network for Digital Commerce (ONDC) seeks to reduce platform concentration in India’s digital commerce ecosystem. Statement II: ONDC enables interoperability between buyer-side and seller-side applications operating on different digital commerce platforms. Statement III: ONDC requires all digital commerce transactions in India to be routed exclusively through a centrally designated government platform. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and Statement II is the correct explanation of Statement I.✓
- 2Both Statement I and Statement II are correct but Statement II is not the correct explanation of Statement I.
- 3Statement I and Statement II are correct, but Statement III is incorrect.
- 4Statement I is correct, but both Statement II and Statement III are incorrect.
Correct answer
Both Statement I and Statement II are correct and Statement II is the correct explanation of Statement I.
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