arrow
arrow
arrow
What is the process through which the government and financial institutions put forward invitation bids for large projects?
Question

What is the process through which the government and financial institutions put forward invitation bids for large projects?

A.

Tendering

B.

Requisition

C.

Procurement

D.

Cost analysis

Correct option is A

Tendering is the process through which government bodies and financial institutions invite bids from contractors and vendors for large projects. This ensures transparency, competition, and fairness in the awarding of contracts.
Explanation of options: (a) ✔ Correct. Tendering is the formal process for inviting bids for large-scale projects. (b) ✘ Incorrect. Requisition refers to the formal request for goods or services but not the bidding process. (c) ✘ Incorrect. Procurement is the overall process of acquiring goods and services, but tendering is the specific step for inviting bids. (d) ✘ Incorrect. Cost analysis is an evaluation of costs but not a bidding process.

test-prime-package

Access ‘DSSSB’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
220k+ students have already unlocked exclusive benefits with Test Prime!

Free Tests

Free
Must Attempt

RRB Nursing Superintendent Full Mock Test : 01

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

RRB Nursing Superintendent Full Mock Test : 02

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

AIIMS NORCET 9 Mock : 02

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English