PRACTICE QUESTION
Q. Which of the following statements regarding the Quality Council of India (QCI) and the Open Network for Digital Commerce (ONDC) is/are correct?
1.QCI was established in 1997 under the Ministry of Commerce and Industry.
2.ONDC aims to promote digital commerce and empower small businesses through an open and interoperable digital commerce network.
3.The collaboration between QCI and ONDC has resulted in the introduction of the DigiReady Certification (DRC) portal to assess the digital readiness of MSMEs.
4.QCI's primary function is to provide financial assistance to MSMEs participating in digital commerce initiatives.
Select the correct answer using the codes below:
a) 1 and 2 only
b) 2 and 3 only
c) 2 and 4 only
d) 1, 3, and 4 only
Answer: b) 2 and 3 only
Explanation
- QCI was established in 1997 under the Ministry of Commerce and Industry:
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- This statement is incorrect. The Quality Council of India (QCI) was indeed established in 1997; however, it operates as an autonomous body under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India. It is not directly under the Ministry of Commerce and Industry.
- ONDC aims to promote digital commerce and empower small businesses through an open and interoperable digital commerce network:
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- This statement is correct. The Open Network for Digital Commerce (ONDC) is an initiative launched by the Government of India under the Ministry of Commerce and Industry. Its primary objective is to create an open and interoperable digital commerce network that provides opportunities for Micro, Small, and Medium Enterprises (MSMEs) to participate in digital commerce and reach a wider market. ONDC aims to empower small businesses by providing them access to digital commerce platforms and enabling them to leverage technology for growth and expansion.
- The collaboration between QCI and ONDC has resulted in the introduction of the DigiReady Certification (DRC) portal to assess the digital readiness of MSMEs:
-
- This statement is correct. The collaboration between QCI and ONDC has led to the introduction of the DigiReady Certification (DRC) portal. The DRC portal aims to assess and certify the digital readiness of MSME entities, particularly for becoming sellers on the ONDC platform. Through the DRC portal, MSMEs can evaluate their digital capabilities and readiness, thereby empowering them to seamlessly transition into sellers on the ONDC platform and participate effectively in digital commerce.
- QCI's primary function is to provide financial assistance to MSMEs participating in digital commerce initiatives:
-
- This statement is incorrect. While QCI plays a significant role in promoting quality standards and certifications, its primary function is not to provide financial assistance to MSMEs participating in digital commerce initiatives. Instead, QCI focuses on leading the nation's quality movement, promoting excellence in various sectors, developing quality standards, promoting quality awareness, and accrediting organizations across different sectors to enhance their competitiveness and credibility.
Therefore, the correct answer is:
b) 2 and 3 only
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