With reference to Government e-Marketplace (GeM), consider the following statements:1. It is a 100% Government owned Company set up under the aegis of the Ministry of Electronics and Information Technology.2. The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.Which of the statements given above is/are correct?

Q. With reference to Government e-Marketplace (GeM), consider the following statements:
1. It is a 100% Government owned Company set up under the aegis of the Ministry of Electronics and Information Technology.
2.The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Recently, the Government e-Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).

Statement 1 is incorrect: It is a 100% Government owned Company set up under the aegis of the Department of Commerce, Ministry of Commerce and Industry.

Statement 2 is correct: The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.

Source: Government e Marketplace bags prestigious CIPS Award

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS