GK Government e-marketplace (GeM) surpassed ₹2 Lakh Crore in Gross Merchandise Value (GMV)

 What milestone did the Government e-Marketplace (GeM) achieve in the fiscal year 2023-24?

a) ₹1 Lakh Crore
b) ₹2 Lakh Crore*
c) ₹50,000 Crore
d) ₹3 Lakh Crore

What is the primary purpose of GeM, as mentioned in the lecture?
a) Selling consumer goods
b) Public procurement portal*
c) Financial investment platform
d) Agricultural commodity exchange

Who is authorized to make purchases through GeM, according to the Ministry of Finance?
a) Only Central Government Ministries
b) Only State Government Ministries
c) Government users, including Central and State Government Ministries, Departments, PSUs, and affiliated*
d) Private sector organizations

What is the main significance of the GeM portal, as highlighted in the lecture?
a) Generating revenue for the government
b) Making public procurement process transparent, efficient, and inclusive*
c) Promoting international trade
d) Encouraging monopolies in the market

How much money has GeM saved the exchequer since 2016?
a) ₹10,000 crore
b) ₹25,000 crore
c) Over ₹45,000 crore*
d) ₹5,000 crore

Which initiative aims to showcase products made by women entrepreneurs and women self-help groups?
a) Sustainable Procurement Initiative
b) Green Gold Collection
c) Womaniya initiative*
d) GeM Efficiency Drive

What is the purpose of the Green Gold Collection initiative mentioned in the lecture?
a) Showcasing eco-friendly products
b) Highlighting products for potential use in the construction sector and promoting sustainable procurement*
c) Promoting organic farming
d) Encouraging digital transactions

In association with which organization does GeM promote sustainable public procurement of products and services?
a) World Health Organization
b) United Nations Environment Program*
c) International Monetary Fund
d) World Trade Organization

According to the lecture, who benefits from the opportunities provided by GeM?
a) Only large corporations
b) Only startups
c) Only MSEs, startups, and women entrepreneurs*
d) Only government agencies

What is the overarching goal of the GeM portal, as mentioned in the lecture?
a) Maximizing profits for the government
b) Minimizing the use of digital technology in procurement
c) Making the public procurement process transparent, efficient, and inclusive*
d) Exclusively supporting established businesses