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Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news:
- The nodal Ministry for GeM is Ministry of Finance.
- It is based on Public-Private Partnership (PPP) model
- All the purchase on GeM are done through price comparison, bidding or reverse auction.
- The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.
How many statements given above are not correct?
- a)Only one
- b)Only two
- c)Only three
- d)All four
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with respect to Government e-Marketp...
- Government e-Marketplace (GeM), a Government-to-Business platform (G2B), is a one stop portal to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement.
- It is managed by GeM Special Purpose Vehicle, a 100% Government Owned, Section 8 Company under the Department of Commerce, the Ministry of Commerce and Industries. Hence statements 1 and 2 is not correct.
- The Government of India has mandated all organizations and departments under the Central Government to procure from GeM. It provides the tools of e-bidding, reverse e-auction and demand aggregation to help governments achieve the best value for their money. Hence statement 4 is correct.
- It is a completely paperless, cashless and system driven e-Marketplace. Purchase upto Rupees 25000 can be made from any available supplier on the GEM directly meeting the requisite quality, specification and delivery time. However, purchase beyond rupees 25000 shall be done through price comparison, bidding or reverse auction. Hence the statement 3 is not correct.
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Consider the following statements with respect to Government e-Marketp...
Incorrect Statements about Government e-Marketplace (GeM)
Statement 1:
The nodal Ministry for GeM is Ministry of Finance.
This statement is incorrect. The nodal Ministry for GeM is the Ministry of Commerce and Industry.
Statement 2:
It is based on Public-Private Partnership (PPP) model.
This statement is incorrect. GeM is a completely government-owned and operated platform.
Statement 3:
All the purchase on GeM are done through price comparison, bidding or reverse auction.
This statement is incorrect. While GeM does support price comparison, bidding, and reverse auction, not all purchases are necessarily made through these methods.
Statement 4:
The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.
This statement is correct. The procurement by Ministries and CPSEs is mandatory for goods and services available on GeM, but it is not mandatory for all government entities.
Therefore, only three statements given above are not correct.
Statement 1:
The nodal Ministry for GeM is Ministry of Finance.
This statement is incorrect. The nodal Ministry for GeM is the Ministry of Commerce and Industry.
Statement 2:
It is based on Public-Private Partnership (PPP) model.
This statement is incorrect. GeM is a completely government-owned and operated platform.
Statement 3:
All the purchase on GeM are done through price comparison, bidding or reverse auction.
This statement is incorrect. While GeM does support price comparison, bidding, and reverse auction, not all purchases are necessarily made through these methods.
Statement 4:
The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.
This statement is correct. The procurement by Ministries and CPSEs is mandatory for goods and services available on GeM, but it is not mandatory for all government entities.
Therefore, only three statements given above are not correct.
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Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to Government e-Marketplace (GeM) recently seen in news: The nodal Ministry for GeM is Ministry of Finance. It is based on Public-Private Partnership (PPP) model All the purchase on GeM are done through price comparison, bidding or reverse auction. The procurement by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services which are available on GeM.How many statements given above are not correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'C'. Can you explain this answer?.
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