world_organizations hard Fill in the Blank

The EU's Digital Markets Act (DMA), effective from 2024, designates large online platforms as 'gatekeepers' and imposes obligations to ensure fair competition, interoperability, and user choice in digital _____ markets.

  1. hardware
  2. software
  3. core platform
  4. cloud

Answer: core platform

The DMA targets systemic platforms with significant market power (e.g., app stores, search engines, social networks). Rules include banning self-preferencing, allowing third-party app stores, and enabling data portability. It aims to foster innovation, protect business users, and enhance consumer welfare in digital ecosystems.

Topic European Union
Exam Relevance UPSC, Banking, SSC
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