Consider the following statements about Rules notified by Union Government for e-commerce recently.
Which of the following statement(s) is/are correct?

Only 1

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Only 2

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Both 1 and 2

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None of the above

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Solution

The correct option is C Both 1 and 2
New Rules notified by Union Government for e-commerce released in March 2016:
$100 %$ foreign direct investment (FDI) in online retail of goods and services under the marketplace model, B2B (business-to-business) transactions through the automatic route. These guidelines are expected to bring in more FDI into the sector.
As per the norms, an e-commerce firm will not be permitted to sell more than 25 per cent of total sales from one vendor or its group companies. This is expected to maintain level playing field and curb predatory pricing.

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Consider the following statements about Rules notified by Union Government for e-commerce recently. Which of the following statement(s) is/are correct?

Consider the following statements about Rules notified by Union Government for e-commerce recently.
Which of the following statement(s) is/are correct?