Consider the following statements with reference to Open Network for Digital Commerce ONDC It seeks ...........

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Consider the following statements with reference to Open Network for Digital Commerce (ONDC)

It seeks to digitize the entire value chain, standardize operations, and enhance value for consumers.
It is an initiative of Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has initiated a project on Open Network for Digital Commerce (ONDC).

The task has been assigned to Quality Council of India (QCI).
An advisory council has been recently constituted to advise the Government on measures needed to design and accelerate adoption of ONDC.
Nandan M Nilekani, the co-founder and non-executive chairman of Infosys, has been included in the 9-member advisory council.
Open Network for Digital Commerce (ONDC)
It aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform.
ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.

Hence both statements are correct.