New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following are the expected benefits of the

    Open Network for Digital Commerce (ONDC) project I. Enhanced Discoverability for small retailers II. Enhance Interoperability for sellers and customers III. Increase efficiency in logistics movement Select the correct answer using the code given below.
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I, II and III Correct Answer Incorrect Answer
    E None of the statement is correct Correct Answer Incorrect Answer

    Solution

    Expected benefits of ONDC: Enhanced Discoverability for small retailers: Once a retailer lists its products or services using the ONDC’s open protocol. Interoperability: An open digital infrastructure will make ecommerce highly interoperable for sellers and customers who want to connect with each other. So better price discovery for customer for both. Increasing efficiency in logistics movement: It would help in standardizing operations and promote inclusion of local suppliers which would drive efficiencies in logistics sector and will promote ease of doing business. Faster adoption of digital means: It would encourage easy adoption of digital means by those currently not on digital commerce networks

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