Question
Which organization is responsible for managing the e-NAM platform?
Please read passage and the answer the following questions ( Q no 15 to 18) based on the passage. The procurement of goods and services by the government is a vital aspect of economic development, particularly for small business owners. By engaging with small businesses in procurement processes, the government can foster entrepreneurship, stimulate economic growth, and promote inclusive development. The importance of government procurement for small business owners can be highlighted through several key dimensions, including economic empowerment, job creation, innovation, and community development. Government procurement provides small business owners with crucial economic opportunities. By setting aside a percentage of contracts specifically for small businesses, governments can empower these enterprises to compete on a more level playing field with larger corporations. This not only helps to enhance the financial stability of small businesses but also contributes to the overall economic resilience of local communities. When small businesses secure government contracts, they gain access to steady revenue streams that can support their growth and sustainability. Small businesses are significant job creators in the economy. When they receive government contracts, they often need to expand their operations, which can lead to the creation of new jobs. By supporting small business procurement, the government indirectly contributes to reducing unemployment and promoting workforce development. The jobs created in small businesses often provide local employment opportunities, thus enhancing the economic health of the community and improving the standard of living for residents.
More Economic and Social Issues ESI Questions
- Which of the following is one of the major differences between an NBFC & a Bank?
- As per the Economic Survey 2023-24, what is the main challenge in promoting the summer cultivation of urad and moong?
- Which of the following is not one of the beneficiaries of PMMSY?
- Which of the following is not one of the beneficiaries of PMMSY?
- Which of the following is the first community institution created by NABARD for achieving inclusive development in India?
- In the National Action Plan for Skill Development of Persons with Disabilities (PwDs), which agency serves as the central implementing authority?
- Which of the following Statements is/are True? I- A Producer Organisation (PO) is a legal entity by Primary Producers. II- The role of FPO is to act as an ...
- Which of the following statements is incorrect regarding the National Green Hydrogen Mission (NGHM)?
- The Union Budget 2025-26 proposes 50-year interest-free loans to states for capital expenditure. What is the total outlay for this?
- Which of the following is NOT a provision of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 or its subsequent amendments? I. The RBI i...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)