Consider the following statements with reference to the

Solution

Open Network for Digital Commerce (ONDC): Statement 1 is correct -: ONDC is a freely accessible government-backed platform that aims to democratize e-commerce by moving it from a platform-centric model to an open network for buying and selling goods and services. It is a not-for-profit organization that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications. Statement 2 is correct -: Under ONDC, it is envisaged that a buyer registered on one participating e-commerce site (for example, Amazon) may purchase goods from a seller on another participating e-commerce site (for example, Flipkart). Providers and consumers would be able to use any compatible application of their choice for exchange of information and carrying out transactions over ONDC. Statement 3 is not correct -: It is an initiative of the Ministry of Commerce and Industry.