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Q:

The National Green Tribunal (NGT) in December 2016imposed a ban on the procurement, sale and use of glasspowder coated manja for flying kites. Who is the Chairmanof NGT?

A) Lokeshwar Singh Panta B) Jagdish Singh Khehar
C) Dinesh Saxena D) Jasmine Sharma
 
Answer & Explanation Answer:

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

Q:

Name the lender that has signed an agreement with the Government e-Marketplace (GeM) under which the bank will facilitate a host of services to the public procurement portal for Central and state government organizations.

A) ICICI Bank B) HDFC Bank
C) Bank of Baroda D) SBI
 
Answer & Explanation Answer: B) HDFC Bank

Explanation:

Private Sector lender HDFC Bank signed an agreement with the Government e-Marketplace (GeM) under which the bank will facilitate a host of services to the public procurement portal for Central and state government organizations.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

Cause : Govt has recently decided to hike the procurement price of paddy for the rabi crops.

Which of the following will be a possible effect of the above cause?

A) The farmers may be encouraged to cultivate paddy for the rabi season B) The farmers may switch over to other cash crops in their paddy fields
C) There was a drop in production of paddy during Kharif season D) Govt may not increase the procurement price of paddy during the next Kharif season
 
Answer & Explanation Answer: A) The farmers may be encouraged to cultivate paddy for the rabi season

Explanation:

The very purpose of hiking the procurement price of a crop is encouraging the formers to cultivate it.

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Filed Under: Cause and Effect Reasoning

Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Contract Closure?

Answer

I. Inputs



  • Procurement management plan

  • Contract management plan

  • Contract documentation

  • Contract closure procedure


II. Tools and Techniques



  • Procurement audits

  • Records management system


III. Outputs



  • Closed contracts

  • Organizational process assets (updates)

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Subject: PMP Certification

Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Contract Administration?

Answer

I. Inputs



  • Contract

  • Contract management plan

  • Selected sellers

  • Performance reports

  • Approved change requests

  • Work performance information


II. Tools and Techniques



  • Contract change control system

  • Buyer-conducted performance review

  • Inspections and audits

  • Performance reporting

  • Payment system

  • Claims administration

  • Records management system

  • Information technology


III. Outputs



  • Contract documentation 

  • Requested changes

  • Recommended corrective actions

  • Organizational process assets (updates)

  • Project management plan (updates)


                 - Procurement management plan


                 - Contract management plan

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Subject: PMP Certification

Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Select Sellers?

Answer

I. Inputs



  • Organizational process assets

  • Procurement management plan

  • Evaluation criteria

  • Procurement document package

  • Proposals

  • Qualified sellers list

  • Project management plan


                 - Risk register


                 - Risk related contractual agreements


II. Tools and Techniques



  • Weighting system

  • Independent estimates

  • Screening system

  • Contract negotiation

  • Seller rating systems

  • Expert judgment

  • Proposal evaluation techniques


III. Outputs



  • Selected sellers

  • Contract

  • Contract management plan

  • Resource availability

  • Procurement management plan (updates)

  • Requested changes

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Subject: PMP Certification

Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Request Seller Responses?

Answer

I. Inputs



  • Organizational process assets

  • Procurement management plan

  • Procurement documents


II. Tools and Techniques



  • Bidder conferences

  • Advertising

  • Develop qualified sellers list


III. Outputs



  • Qualified sellers list

  • Procurement document package

  • Proposals

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Subject: PMP Certification

Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Plan Contracting?

Answer

I. Inputs



  • Procurement management plan

  • Contract statement of work

  • Make-or-buy decisions

  • Project management plan


                 - Risk register


                 - Risk related contractual agreements


                 - Resource requirements


                 - Project schedule


                 - Activity cost estimate


                 - Cost baseline


II. Tools and Techniques



  • Standard forms

  • Expert judgment


III. Outputs



  • Procurement documents

  • Evaluation criteria

  • Contract statement of work (updates)

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Subject: PMP Certification