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With reference to the Government e Marketplace (GeM), consider the following statements:
1. It is an online platform for public procurement in India which was envisaged by the Hon’ble Prime Minister.
2. All states have already signed MoUs with GeM.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Government e Marketplace (GeM), consider the fol...
Commerce and Industry Minister Sh. Piyush Goyal emphasized that Hon’ble Prime Minister has set a target of 75% procurement to be made through GeM by 15th of August and 100% procurement to be made through GeM by the end of the current financial year.
  • Government e Marketplace (GeM) is an online platform for public procurement in India which was envisaged by the Hon’ble Prime Minister.
  • The initiative was launched on August 9, 2016 by Ministry of Commerce and Industry, with an objective to create an open and transparent procurement platform for government buyers.
  • The portal has transformed public procurement in India by driving its three pillars viz. inclusivity, transparency, and efficiency.
  • GeM has about 61,440 Government Buyer Organizations and about 47.99 Lakh Sellers & Service Providers with a rich listing of over 41.44 lakh Product Offerings and 1.9 lakh Service offerings.
  • All states (except Sikkim) have already signed MoUs with GeM. As many as 239 CPSUs are also registered on GeM and making significant procurement through GeM Portal.
Hence only statement 1 is correct.
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With reference to the Government e Marketplace (GeM), consider the fol...
Explanation:

Statement 1:
- The statement is correct. Government e Marketplace (GeM) is an online platform for public procurement in India which was indeed envisaged by the Hon'ble Prime Minister.
- GeM was launched in August 2016 to facilitate, promote, and increase transparency in government procurement processes.

Statement 2:
- The statement is incorrect. Not all states have signed MoUs with GeM.
- While many states have shown interest in partnering with GeM for their procurement needs, not all states have formally signed MoUs with the platform.
Therefore, the correct answer is option A) 1 only.
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With reference to the Government e Marketplace (GeM), consider the following statements:1. It is an online platform for public procurement in India which was envisaged by the Hon’ble Prime Minister.2. All states have already signed MoUs with GeM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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