📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    In the context of GeM, what is the full form of

    ‘PAC’?
    A Proprietary Article Certificate Correct Answer Incorrect Answer
    B Procurement and Audit Committee Correct Answer Incorrect Answer
    C Purchase Advisory Council Correct Answer Incorrect Answer
    D Product Accreditation Committee Correct Answer Incorrect Answer

    Solution

    In the context of GeM, PAC stands for Proprietary Article Certificate. A PAC is a certificate issued by the authorized personnel of the buyer organization to confirm that the product being procured is a proprietary article and not available or manufactured by any other source. The PAC ensures that specific products can be procured exclusively from the identified source or manufacturer.

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question