New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    The Open Network for Digital Commerce (ONDC) is set to

    expand its services to include financial offerings, such as credit, insurance, investments, and gift cards. What services is the Open Network for Digital Commerce (ONDC) planning to expand into?
    A Education, entertainment, and technology Correct Answer Incorrect Answer
    B Credit, insurance, investments, and gift cards Correct Answer Incorrect Answer
    C Healthcare, real estate, and transportation Correct Answer Incorrect Answer
    D Agriculture, energy, and manufacturing Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

      The Open Network for Digital Commerce (ONDC) is set to expand its services to include financial offerings, such as credit, insurance, investments, and gift cards. This move comes after the platform successfully ventured into sectors like food, grocery, fashion, travel, and electronics.  In insurance, ONDC is starting off with three products – health insurance, marine insurance, and motor insurance. In investments, it will commence with mutual fund investment offerings on the network.    For mutual fund investments, ONDC is working with MFU (MF Utilities India) to onboard the asset management companies as seller applications.

    Practice Next