Current context: The Government e-Marketplace (GeM) signed a memorandum of understanding (MoU) with the Federal Bank for Payment Services.
a. Yes Bank
b. Pay Pal
c. Federal Bank
d. Pay U
![GeM Signed MoU with Federal Bank GeM Signed MoU with Federal Bank](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglbApedhZRn5geUij5fzNdCR14zA8OQrbUDWGNDN9XpGIqt0vnnQF029AbVnN4lEHUs8KUA6CI6xMmqiPITXRHrL8qAW21Kg_6oE-V-99nNf5DIFkGeg0Czprda7w-wud6tg84uM0Zjqgl/s320-rw/MOU+sign+with+Federal+Bank.jpg)
- The MoU has been signed to offer:
- Transfer of funds through GeM Pool Accounts (GPA)
- Advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the portal.
- The MoU will provide an efficient procurement system for the government with the cashless and paperless transfer.
- Government launched GeM portal in August 2016 for seamless procurement of goods and services by the government departments in a transparent manner.
- GeM is also working with other banks, Trade Receivable Discounting System (TReDS), and SIDBI to offer bill discounting and financing of working capital.
Question:
Q.1 The Government e-Marketplace (GeM) has recently signed MoU with __________ for Payment Services?a. Yes Bank
b. Pay Pal
c. Federal Bank
d. Pay U