BSD Public School Interview Questions and Answers

Integrity Pact is a tool to prevent corruption in procurement contracts. Independent External Monitor is appointed by both parties involved.

• Integrity Pact is a tool used in procurement contracts to prevent corruption by ensuring transparency and accountability.

• It is a written agreement between the contracting authority and the bidders, committing them to refrain from bribery and collusion.

• An Independent External Monitor is appointed by both parties, usually a respected indivi...read more

Scrap disposal in PSU involves following specific procedures and terms, including disposal of waste oil.

• Scrap disposal in PSU typically involves segregating different types of scrap materials such as metal, paper, and plastic.

• Terms commonly used in scrap disposal include salvage value, scrap value, and scrap yard.

• To dispose of waste oil, it is important to follow environmental regulations and guidelines for proper disposal methods.

• Waste oil can be recycled or disposed of thro...read more

Arbitration is used prior to going to court to resolve disputes outside of the legal system.

• Arbitration is a form of alternative dispute resolution where a neutral third party helps the parties reach a settlement.

• It is often faster, less formal, and more cost-effective than going to court.

• Arbitration allows for more flexibility in the process and can help maintain relationships between the parties involved.

• The decision reached in arbitration is usually binding and can only be...read more

Customs clearance process involves verifying and processing goods entering or leaving a country, including assessment of custom duties.

• Customs clearance involves submitting necessary documents like invoice, packing list, and bill of lading.

• Customs officials inspect goods to ensure they comply with regulations and assess duties based on value, quantity, and type of goods.

• Customs duties are taxes imposed on imported or exported goods, which can vary based on country of origin, ...read more

Important terms & conditions on a tender include payment terms, delivery schedule, quality standards, penalties for non-compliance, and bid validity period.

• Payment terms: Specify when and how payments will be made.

• Delivery schedule: Outline the timeline for delivery of goods or services.

• Quality standards: Define the expected quality of the products or services.

• Penalties for non-compliance: Detail consequences for failing to meet terms.

• Bid validity period: Specify how long the...read more