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Which of the following statements is/are correct regarding Government e-Marketplace (GeM) recently seen in the news?
1. It operates under the Ministry of Corporate Affairs
2. It ensures public procurement of goods and services in India (done by government bodies) worth more than Rs. 5 lakh crore annually.
Select the correct answer using the code given below:
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is/are correct regarding Government ...
In News :The Minister of Commerce & Industry, Consumer Affairs called upon the Government e-Marketplace (GeM), to expand its scope and include more participants in the GeM portal for public procurement. Statement 1 is not correct: It was launched in 2016 and operates under the Ministry of Commerce and Industry.It has been developed by the Directorate General of Supplies and Disposal (DGS&D) with technical support of the National E-Governance Division (NEGD), Ministry of Electronics and Information Technology. Statement 2 is correct: It ensures that public procurement of goods and services in India (done by government bodies) worth more than Rs. 5 lakh crore annually is carried out through the online platform. The procurement of goods and services by ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers and office furniture are currently the top product categories.
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Which of the following statements is/are correct regarding Government e-Marketplace (GeM) recently seen in the news?1. It operates under the Ministry of Corporate Affairs2. It ensures public procurement of goods and services in India (done by government bodies) worth more than Rs. 5 lakh crore annually.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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