CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has partnered with Government e-Marketplace for payment related issues?
A
State Bank of India
B
Central Bank of India
C
HDFC
D
ICICI
Explanation: 

Detailed explanation-1: -HDFC Bank has partnered with Government e-Marketplace (GeM) for providing banking solutions to Buyers and Sellers for e-Procurements.

Detailed explanation-2: -Who can buy/purchase through GeM? All Central government and State Government Ministries/Departments including its attached/subordinate offices, Central and State autonomous bodies, Central and State Public Sector Units and local bodies etc. are authorized to make procurement through GeM portal.

Detailed explanation-3: -Government e Marketplace (GeM), created in a record time of five months, facilitates online procurement of common use Goods & Services required by various Government Departments / Organisations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement.

Detailed explanation-4: -Prashant Kumar Singh is the Chief Executive Officer (CEO) of Government e Marketplace (GeM), Government of India. He is a bureaucrat of the Indian Administrative Service of 1993 batch.

There is 1 question to complete.