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Coventry Coil-o-Matic (Haryana) Interview Questions and Answers

Updated 5 Feb 2024

Q1. What is difference between tripartite and bipartite agreement

Ans.

Tripartite agreement involves three parties while bipartite agreement involves two parties.

  • Tripartite agreement involves three parties, usually the employer, employee, and a third party such as a labor union or government agency.

  • Bipartite agreement involves two parties, usually the employer and employee.

  • Tripartite agreements are more complex and involve more negotiation and compromise than bipartite agreements.

  • Examples of tripartite agreements include collective bargaining ag...read more

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Q2. What is statutory compliances in Contract labour

Ans.

Statutory compliances in contract labour refer to the legal obligations that employers must fulfill when hiring contract workers.

  • Employers must obtain a license to hire contract workers

  • They must maintain a register of contract workers

  • They must provide basic amenities to contract workers

  • They must ensure timely payment of wages and other benefits

  • They must comply with health and safety regulations

  • Examples of statutory compliances in India include the Contract Labour (Regulation ...read more

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Q3. What is closed shop in labour welfare

Ans.

Closed shop is a workplace where only union members are allowed to be hired.

  • Closed shop is a type of union security agreement.

  • It means that an employer can only hire union members.

  • Non-union workers are not allowed to work in the closed shop.

  • Closed shops are illegal in many countries including the United States.

  • Examples of closed shops include the British coal mining industry and the Australian waterfront industry.

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Q4. What is P&ID ?; What is automation and control system? , What purpose use open loop and closed loop system? What is purpose of plc ,scada,DC's?

Ans.

P&ID is a diagram that shows the interconnection of process equipment and instrumentation. Automation and control system is a system that controls and monitors industrial processes. Open loop and closed loop systems are used for different purposes. PLC, SCADA, and DCs are used for automation and control.

  • P&ID stands for Piping and Instrumentation Diagram

  • Automation and control system is used to control and monitor industrial processes

  • Open loop system is used for simple processe...read more

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Q5. Future plans of your carrer

Ans.

I plan to continue advancing in the field of costing and MIS, taking on more challenging roles and responsibilities.

  • Pursuing advanced certifications in costing and MIS

  • Seeking opportunities for leadership roles in costing departments

  • Developing expertise in emerging technologies for cost analysis

  • Networking with professionals in the field for career growth

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Q6. Networth of the company

Ans.

The net worth of a company is the total assets minus total liabilities, representing the value of the company's equity.

  • Net worth is calculated by subtracting total liabilities from total assets.

  • It is an important indicator of a company's financial health and stability.

  • Investors and stakeholders often look at net worth to assess the value of a company.

  • Example: Company A has total assets of $1 million and total liabilities of $500,000, so its net worth is $500,000.

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