Q
Open competitive bidding is required if the cost of the object is more than:
-
A
Rs. 3 million
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B
Rs. 40,000
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C
Rs. 100,000
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D
The financial limit prescribed for request for quotations under Rule 42(b)(i), i.e., Rs. 500,000
Correct Answer:
D. The financial limit prescribed for request for quotations under Rule 42(b)(i), i.e., Rs. 500,000
Explanation:
Rule 21 (the original 'forty thousand rupees' was replaced in 2006 by reference to the RFQ limit).
