LATESTCurrent Affairs◆ Government Job Vacancies◆ NABARD Grade A Preparation Resources◆ PFRDA Grade A Study Material◆ UPSC EPFO APFC: Study Notes & Practice◆ DRDO SAO Books & Digital Resources — Visit Shop◆

CrackTarget

Tag: UPSC Store Officer

  • Public Procurement under GFR 2017 (Chapter 6, Rules 142–206): GeM, CPPP, Tendering Limits & Bid Security

    85,835 views

    Chapter 6 of the General Financial Rules (GFR), 2017 (Rules 142 to 206) governs the Procurement of Goods and Services by Central Government Ministries and Departments. Every UPSC DRDO SAO and Store Officer aspirant must memorize the exact updated monetary thresholds (as amended by Department of Expenditure in May 2024): Direct Purchase without quotation up…

  • General Financial Rules (GFR) 2017: Canons of Financial Propriety, Grants, Contingency Fund & Budget

    85,835 views

    The General Financial Rules (GFR), 2017—issued by the Department of Expenditure, Ministry of Finance—are executive instructions containing 12 Chapters and 324 Rules that govern all matters involving public finances, revenue receipts, expenditure sanctions, budget formulation, inventory management, procurement, and grants-in-aid across Central Government Ministries and Departments. Rule 21 of GFR 2017 codifies the 4 Golden…

  • Store & Materials Management Numericals: EOQ, Reorder Level, Safety Stock, FIFO/LIFO & ABC-VED Matrix

    85,835 views

    While CrackTarget’s general Materials Management guide covers qualitative procurement concepts, UPSC DRDO SAO, UPSC Store Officer, and SEBI/PFRDA Paper-2 exams test quantitative inventory formulas: Ford W. Harris / R.H. Wilson’s Economic Order Quantity (EOQ = √[2AO / C], where Annual Ordering Cost equals Annual Carrying Cost), Stock Control Levels (Reorder Level, Minimum/Safety Stock, Maximum Level,…

  • DRDO Procurement Manual (PM-2020) & Defence Acquisition Procedure (DAP) for DRDO SAO & Store Officer

    85,835 views

    While GFR 2017 governs general central procurement, the Defence Research & Development Organisation (DRDO) conducts R&D stores and project procurement under the specialized DRDO Procurement Manual, 2020 (PM-2020, effective 20 October 2020, replacing PM-2016), while capital defence acquisitions by the Armed Forces follow the Defence Acquisition Procedure (DAP-2020). Every DRDO Senior Administrative Officer (SAO) and…