Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is NOT correct?
Economics › Digital Payments,Digital Infrastructure
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Economics › Digital Payments,Digital Infrastructure
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Answer
(d) In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks
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Economics › Digital Payments,Digital Infrastructure
Which one of the following best describes the key objective of India’s ‘Open Network for Digital Commerce’ (ONDC) initiative?
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(c) To break the dominance of large e-commerce platforms by enabling interoperability across networks
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Economics › Digital Payments,Digital Infrastructure
An e-commerce revenue model where the seller has control over pricing but doesn’t keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called:
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Answer
(a) Dropshipping Model