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Questions and Answers
What is the primary aim of GeM (Government e Marketplace)?
What is the primary aim of GeM (Government e Marketplace)?
- To promote international trade
- To generate revenue for the government
- To bring transparency and efficiency in the government buying process (correct)
- To regulate the e-commerce industry
What is the approximate value of transactions that have occurred on GeM so far?
What is the approximate value of transactions that have occurred on GeM so far?
- Over Rs. 20 lakh crore
- Over Rs. 10 lakh crore (correct)
- Over Rs. 5 lakh crore
- Over Rs. 15 lakh crore
Which ministry is the nodal ministry for GeM?
Which ministry is the nodal ministry for GeM?
- Ministry of External Affairs
- Ministry of Finance
- Ministry of Commerce and Industry (correct)
- Ministry of Home Affairs
What does public procurement involve?
What does public procurement involve?
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What is the significance of GeM in utilizing taxpayers’ money?
What is the significance of GeM in utilizing taxpayers’ money?
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Study Notes
GeM (Government e Marketplace)
- GeM is a one-stop National Public Procurement Portal for online procurement of common use goods and services required by Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs).
- GeM facilitates online procurement of goods and services by various Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs).
- Procurement of goods and services by Ministries and Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.
- GeM provides tools of e-bidding and reverse e-auction to facilitate government users in achieving the best value for their money.
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