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UPSC PYQPrelims 2022

Civil Services Examination · Question 6

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:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
Show answer & explanation

Answer: (B) 2 only

Explanation

FDI rules allow foreign e-commerce firms only the marketplace model (no inventory model), and restrict their equity/control over sellers on their platforms.