CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which ministry recently launched an e-commerce platform to identify genuine properties?
A
Ministry of Road Transport and Highways
B
Ministry of Health and Family Welfare
C
Ministry of Housing and Urban Affairs
D
Ministry of Rural Development
Explanation: 

Detailed explanation-1: -To bring the trust back in the real estate sector, housing ministry launched an e-commerce platform to facilitate homebuyers in identifying genuine properties.

Detailed explanation-2: -ONDC, which is based on open specifications, will boost small merchant digitisation and e-commerce scale, and will reduce dominance of big players such as Amazon and Walmart-backed Flipkart. It is an initiative of the Ministry of Commerce and Industry.

Detailed explanation-3: -“GeM is the best portal as it allows transaction with transparency and is making the system corruption free.” “Scope of this initiative of Government of India is massive as this is the largest e-commerce portal for procurement for buyers. GeM is a strong pillar in Prime Minister’s dream of Digital India.”

Detailed explanation-4: -DLF Limited is the largest real estate company in India in terms of Total sales which has a turnover of Rs 7, 766 Cr. The top 10 real estate companies in India are the following: DLF Ltd. Prestige Estates Projects Ltd.

There is 1 question to complete.