Government e-Market place

About GeM:

• It is an online market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government.
• It has been envisaged as National Procurement Portal of India.
• It functions under Directorate General of Supplies and Disposals, Ministry of Commerce and Industries.
• It is a completely paperless, cashless and system-driven e-marketplace that enables the procurement of common use goods and services with a minimal human interface.

Objectives:

• To enhance transparency, efficiency and speed in public procurement.
• It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money.

Prelims Question:

Consider the following statements regarding Government e-Market place:
1.It is an online market platform to facilitate procurement of goods and services by various wings of government.
2.It functions under Ministry of Commerce and Industries
Which of the above statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to Prelims question