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Government e Marketplace (GeM) Quiz

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Questions and Answers

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?

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?

Ministry of External Affairs

Ministry of Finance

Ministry of Commerce and Industry (correct)

Ministry of Home Affairs

What does public procurement involve?

<p>Purchase of goods and services by governments with an aim to create social and economic infrastructure</p> Signup and view all the answers

What is the significance of GeM in utilizing taxpayers’ money?

<p>Efficient utilization of taxpayers’ money</p> Signup and view all the answers

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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Description

Test your knowledge of the Government e Marketplace (GeM) with this quiz! Explore the procurement processes and regulations for common use goods and services required by Central and State Government Departments, Organizations, and Public Sector Undertakings. Dive into the world of public procurement and enhance your understanding of GeM.