MIDHANI
Coventry Coil-o-Matic (Haryana) Interview Questions and Answers
Q1. What is difference between tripartite and bipartite agreement
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
Q2. What is statutory compliances in Contract labour
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
Q3. What is closed shop in labour welfare
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.
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?
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
Q5. Future plans of your carrer
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
Q6. Networth of the company
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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