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With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct

2022

With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct ?
1. They can sell their own goods in addition to offering their platforms as market-places.
2. The degree to which they can own big sellers on their platforms is limited.
Select the correct answer using the code given below :

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer:

(b)

Factual

Explanation

Statement 1 is wrong: As FDI in inventory model is prohibited. Statement 2 is correct: Any big sellers can not have more than the 25% of the total sales on e-commerce platform. So Answer is “B”.