Question
Which of the following is not a feature of 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 Statements about the Panchayat Raj Institutions is/are True? I- The 73rd Amendment added a new Part IX to the Constitution titled “T...
- Consider the following Statements. (I) Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched on 10th September 2020. (II) The aim of the scheme is to...
- Which of the following is an advanced agricultural data management platform designed to generate crop estimates and integrate data related to prices, trade...
- PM Surya Ghar: Muft Bijli Yojana promotes rooftop solar adoption through central subsidies. Consider the following situations: I. Prakash wishes to instal...
- Which of the following correctly describes the key difference between the Foreign Exchange Management Act (FEMA), 1999 and the Foreign Exchange Regulation ...
- Which of the following is the first community institution created by NABARD for achieving inclusive development in India?
- What was BASEL Committee on Banking Supervision established?
- The Public Procurement Policy of MSMEs mandates what percentage of annual procurement from MSMEs by the CPSEs, Central Ministries, and Departments, with 4%...
- With reference to the Narasimham Committee Reports, consider the following statements: 1.The first Narasimham Committee (1991) focused on financial sect...
- Consider the following Statements. (i) International Financial Services Centres Authority is constitutional body. (ii) In India, the...
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)