CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country’s 1st E-Commerce Think Tank Meet Convened By Suresh Prabhu?
A
India
B
Pakistan
C
Indonesia
D
Saudi Arabia
Explanation: 

Detailed explanation-1: -Detailed Solution. The correct answer is Suresh Prabhu. Suresh Prabhu chaired the first meeting of the think tank on the Framework for National Policy on E-commerce.

Detailed explanation-2: -K. Vaitheeswaran, widely hailed as the ‘father of e-commerce in India’, co-founded India’s first e-commerce company Fabmart.com (later rebranded Indiaplaza.com) in 1999.

Detailed explanation-3: -1989: In May 1989, Sequoia Data Corp. introduced Compumarket, the first internet based system for e-commerce. Sellers and buyers could post items for sale and buyers could search the database and make purchases with a credit card.

Detailed explanation-4: -1969: CompuServe, the first significant eCommerce company, is established by Dr. John R. Goltz and Jeffrey Wilkins by utilizing a dial-up connection. This is the first time eCommerce was introduced.

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