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With reference to the Government e-Marketplace (GeM) system, consider the following statements:
1. GeM is a one-stop National Public Procurement Portal.
2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.
3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)2 and 3 only
- d)1, 2 and 3 only
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Government e-Marketplace (GeM) system, consider ...
Government e-Marketplace (GeM) is an online platform that serves as a one-stop National Public Procurement Portal for procurement of goods and services by various government departments, organizations, and agencies. It was launched in August 2016 by the Ministry of Commerce and Industry, Government of India. Let us analyze the given statements to determine their correctness:
1. GeM is a one-stop National Public Procurement Portal:
This statement is correct. GeM is designed to facilitate the procurement process for government buyers and sellers. It provides a unified platform for all procurement activities, including e-bidding, e-auction, and reverse auction. It aims to enhance transparency, efficiency, and speed in public procurement.
2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM:
This statement is correct. The Government of India has made it mandatory for all Ministries, Departments, and Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM. The objective behind this mandate is to promote ease of doing business, reduce procurement time, and ensure fair and transparent procurement practices.
3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM:
This statement is correct. The Ministry of Commerce and Industry is the nodal agency responsible for the maintenance and operation of GeM. It formulates policies and guidelines related to the portal, oversees its functioning, and takes necessary measures to ensure its smooth operation and growth.
In conclusion, all three statements are correct. GeM is indeed a one-stop National Public Procurement Portal, it is mandatory for Ministries and CPSEs to procure goods and services from GeM, and the Ministry of Commerce and Industry is the nodal agency responsible for its maintenance.
1. GeM is a one-stop National Public Procurement Portal:
This statement is correct. GeM is designed to facilitate the procurement process for government buyers and sellers. It provides a unified platform for all procurement activities, including e-bidding, e-auction, and reverse auction. It aims to enhance transparency, efficiency, and speed in public procurement.
2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM:
This statement is correct. The Government of India has made it mandatory for all Ministries, Departments, and Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM. The objective behind this mandate is to promote ease of doing business, reduce procurement time, and ensure fair and transparent procurement practices.
3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM:
This statement is correct. The Ministry of Commerce and Industry is the nodal agency responsible for the maintenance and operation of GeM. It formulates policies and guidelines related to the portal, oversees its functioning, and takes necessary measures to ensure its smooth operation and growth.
In conclusion, all three statements are correct. GeM is indeed a one-stop National Public Procurement Portal, it is mandatory for Ministries and CPSEs to procure goods and services from GeM, and the Ministry of Commerce and Industry is the nodal agency responsible for its maintenance.
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With reference to the Government e-Marketplace (GeM) system, consider ...
- GeM is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs). Hence, statement 1 is correct.
- The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM. Hence, statement 2 is correct.
- It also provides the tools of e-bidding and reverse e-auction to facilitate the government users to achieve the best value for their money.
- It was launched in 2016 to bring transparency and efficiency to the government buying process.
- The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM. Hence, statement 3 is correct.
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With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?
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With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Government e-Marketplace (GeM) system, consider the following statements:1. GeM is a one-stop National Public Procurement Portal.2. It is mandatory for Ministries and the Central Public Sector Enterprises (CPSEs) to procure goods and services from GeM.3. The Ministry of Commerce and Industry is the nodal agency for the maintenance of GeM.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)2 and 3 onlyd)1, 2 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
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