Question
What is the primary purpose of the "General Financial
Rules" in the context of government procurement?Solution
To outline principles of transparency, competition, and non-discrimination in the procurement process, Explanation: General Financial Rules (GFR): The General Financial Rules provide the basic framework for financial management and control within the government and includes guidelines related to public procurement, detailing the procedures and rules to be followed by government departments and organizations. It outlines the principles of transparency, competition, and non-discrimination in procurement process.
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