CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank signed an Memorandum of Understanding (MoU) with Directorate General of Supplies & Disposal (DGS & D)?

A	Bank of Baroda
B	Kotak Mahindra Bank
C	Karur Vysya Bank
D	Citibank

Explanation:

Detailed explanation-1: -Directorate General of Supplies and Disposals (DGS&D) under Ministry of Commerce and Industry is a central purchase and quality assurance organisation.

Detailed explanation-2: -The initial version of GeM portal was developed and hosted by Directorate General of Supplies and Disposals (DGS&D) under the Ministry of Commerce and Industry with technical support of National E-Governance Division (NeGD), Ministry of Electronics and Information Technology.

Detailed explanation-3: -It was replaced with a much transparent GeM platform, ” a ministry official said. The commerce ministry closed down its nearly 100-year-old public procurement arm–the Directorate General of Supplies and Disposals (DGS&D)–on October 31, a senior official said.

Detailed explanation-4: -DGS&D is accountable to the parliament and it also scrutinizes proposals for the purchases of stores from abroad. ADVERTISEMENTS: It also inspects stores whose purchases are made directly by government departments, carries out laboratory tests and analysis etc. on their behalf.

There is 1 question to complete.