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Economy - Current Affairs and GK

Q1:

What is the Gross Merchandise Value (GMV) achieved by the Government e-Marketplace (GeM)?

A ₹4 Lakh Crore

B ₹2 Lakh Crore

C ₹6 Lakh Crore

D ₹8 Lakh Crore

ANS:A - ₹4 Lakh Crore

Government e Marketplace (GeM) has achieved a remarkable GMV of ₹4 lakh crore in fiscal year 2023-24, doubling from the previous year. This growth highlights the platform's significant procurement of services and its plans for potential expansion, including opening the portal for consumer use and enhancing services.