MCQ
Public Procurement MCQ - Practice Questions with Answers
Solve 1 Public Procurement questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about the MoU between the Ministry of Rural Development and PCI India: 1. Each party will bear its own expenditure on activities undertaken under the MoU. 2. The MoU requires PCI India to transfer funds to the Ministry for the proposed support cell. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: each party will meet its own expenditure for activities under the MoU. Statement 2 is incorrect because the agreement is non-financial and involves neither fund transfer nor financial liability between the parties. Therefore, only statement 1 is correct.
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