Question
GeM portal deals
with?Solution
The GeM (Government e-Marketplace) portal in India primarily deals with public procurement. It is an online platform that facilitates the procurement of goods and services by various government departments, organizations, and public sector undertakings. The portal aims to bring transparency, efficiency, and cost-effectiveness to the procurement process by providing a common platform for buyers and sellers to interact. Through the GeM portal, government entities can easily search for and purchase a wide range of products and services, including office supplies, vehicles, electronics, and more, from registered sellers.
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For which of the following consumption functions, the value of income multiplier, k=4?
