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Prime Path Lab Interview Questions and Answers
Q1. What is the difference between Purchase and procurement?
Purchase is the act of buying goods or services while procurement is the process of acquiring goods or services.
Purchase is a subset of procurement.
Procurement involves the entire process of acquiring goods or services, including planning, sourcing, negotiating, and purchasing.
Purchase is the final step in the procurement process.
Procurement involves strategic decision-making while purchase is a tactical decision.
Procurement is a continuous process while purchase is a one-tim...read more
Q2. What is GST and how many type of GST?
GST stands for Goods and Services Tax. There are three types of GST in India.
GST is a comprehensive indirect tax levied on the supply of goods and services.
It was introduced in India on July 1, 2017, to replace multiple indirect taxes.
The three types of GST are CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), and IGST (Integrated Goods and Services Tax).
CGST and SGST are levied by the central and state governments, respectively, on intra-state trans...read more
Q3. Tell me purchase process?
Purchase process involves identifying needs, selecting suppliers, negotiating terms, placing orders, receiving goods and making payments.
Identify the need for a product or service
Research and select potential suppliers
Negotiate terms and conditions with the chosen supplier
Place an order with the supplier
Receive the goods or services ordered
Make payment to the supplier
Q4. What is procurement?
Procurement is the process of acquiring goods or services from external sources.
Procurement involves identifying the need for a product or service
Finding potential suppliers or vendors
Negotiating contracts and prices
Placing orders and receiving goods or services
Managing supplier relationships and monitoring performance
Examples include purchasing office supplies, raw materials for manufacturing, or hiring a contractor for a project
Q5. What should be the test load intensity for routine load test of pile?
The test load intensity for routine load test of pile should be approximately 2 to 3 times the working load.
Test load intensity should be 2 to 3 times the working load of the pile.
This ensures that the pile can safely support the expected loads during its lifespan.
For example, if the working load of a pile is 100 tons, the test load intensity should be between 200 to 300 tons.
Q6. Minimum Distance of datum bar in pile load test?
Minimum distance of datum bar in pile load test is typically 300mm.
Minimum distance of datum bar in pile load test is usually around 300mm.
The datum bar should be placed at a sufficient distance from the pile to avoid interference with the load test.
This distance may vary depending on the specific requirements of the test and the type of pile being tested.
Q7. Why should maintain balance sheet
Balance sheet provides a snapshot of a company's financial position at a specific point in time.
Helps in assessing the financial health of a company
Provides information on assets, liabilities, and equity
Assists in making informed decisions regarding investments, loans, and business operations
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