Question:-Bank of Baroda was established in …
(a) 1908
(b) 1952
(c) 1986
(d)1985
Ans: (a)
Related facts:-
- On July 21, 2017, Bank of Baroda signed an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM).
- DGS&D has been mandated to set up GeM, an initiative intended to bring greater transparency and efficiency in public procurements.
- The Cabinet had in April 2017 approved creation of GeM Special Purpose Vehicle (SPV), which will replace DGS&D, nodal purchase organisation of the central government.
- The GeM special purpose vehicle has been established as National Public Procurement Portal to provide an end-to-end online marketplace for central and state government departments, their public sector undertakings, autonomous institutions and local bodies, for procurement of common goods and services in a transparent and efficient manner.