New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements about Government

    e-marketplace (GeM). I. GeM is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services. II. It provides the tools of e-bidding and reverse e-auction to facilitate the government users achieve the best value for their money. III. It was launched in 2015 to bring transparency and efficiency in the government buying process. Which of the following/s statement/s is/are correct?
    A I Correct Answer Incorrect Answer
    B II Correct Answer Incorrect Answer
    C III Correct Answer Incorrect Answer
    D I & II only Correct Answer Incorrect Answer
    E I & III only Correct Answer Incorrect Answer

    Solution

    • Government e-marketplace (GeM) will launch fresh initiatives to woo states and the public-sector units (PSUs) under them to more than double their purchases of goods and services through the portal to breach the Rs 60,000-crore mark in FY23. • State governments and their PSUs bought goods and services worth Rs 31,175 crore through GeM in FY22. • GeM officials have drawn up a list of 11 key states for targeted interventions in FY23 to encourage them to ramp up their purchases through the portal. • These states are Maharashtra, Rajasthan, Haryana, Tamil Nadu, Assam, Chhattisgrah, Uttar Pradesh, Bihar, Madhya Pradesh, Karnataka and Gujarat. • Government e Marketplace (GeM) is an online platform for public procurement in India.[1] The initiative was launched on August 9, 2016 by the Ministry of Commerce and Industry, Government of India with the objective to create an open and transparent procurement platform for government buyers.

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