Question
As per the GFR rule applicable for GeM direct buying can
be adopted for purchase orders in the range: -Solution
The GeM portal shall be utilized by the Government Buyers for direct on-line purchases as under: (i) Up to Rs. 25,000 through any of the available suppliers on the GeM, meeting the requisite quality, specification and delivery period. (ii) Above Rs. 25,000 and up to Rs. 5,00,000 through the GeM Seller having lowest price amongst the available sellers (excluding Automobiles where current limit of 30 lakh will continue), of at least three different manufacturers , on GEM, meeting the requisite quality, specification and delivery period. The tools for online bidding and online reverse auction available on GeM can be used by the Buyers even for procurements less than Rs. 5,00,000. (iii) Above Rs. 5,00,000 through the supplier having lowest price meeting the requisite quality, specification and delivery period after mandatorily obtaining bids using online bidding or reverse auction tool provided on GeM (excluding Automobiles where current limit of 30 lakh will continue)."
In a normal distribution, what percentage of observations lie within one standard deviation of the mean?
As per the guidelines of the Basel Committee for Banking Supervision (BCBS), credit losses on stage 1 assets will be categorised as _______ provisions a...
What new regulatory framework did SEBI introduce to redefine market capitalization computation for listed companies?
Which of the following statements is/are correct regarding Securities and Exchange Board of India (SEBI)?
1)SEBI is the regulatory body for capit...
According to the Union Budget 2023-24, consider the following statements regarding Cooperation:Â
1. New co-operatives that commenc...
The company reported:
• Purchase of Fixed Assets = ₹4,00,000
• Sale of Machinery = ₹1,50,000 (Book Value ₹1,20,000)
• P...
The treasury department have evolved in importance over number of years, which of the following is not a function of treasury department:
A loan is classified as 'doubtful' when it remains NPA for:
Under the Simplified Turnover Method, what percentage of the projected annual turnover is typically used to calculate the working capital requirement?
Under RBI norms, a borrower is considered wilful defaulter if: