The NPCI subsidiary has launched the NOCS platform to provide reconciliation and settlement services for transactions made on the ONDC network. What is ONDC?

Question

A non-profit organization promoting digital commerce in India
A network exclusively for small businesses to sell their products
A government agency regulating e-commerce platforms in India
A network for buyers and sellers to transact across different platforms

Solutons With Key Points

Answer- D

ONDC is an open network for digital commerce that enables vendors to showcase their products and services on various participating applications and platforms.

ONDC allows purchasers and vendors to transact regardless of the application they use, as long as the platforms are linked to this accessible network.