1. Is it neccessary to put a bursting disc before an RV. If so why???
Part 1 answer is NO. It isn't even common to put a rupture disc upstream of a PSV, though there are some good reasons to do so when the circumstances so dictate. In my mind, one of the primary reasons for doing so is to avoid the use of an expensive alloy for the PSV. Protect it by installing a relatively inexpensive alloy RD upstream, and as long as the RD remains intact, the PSV is protected from the (presumably nasty) process fluids. There are other reasons for this configuration as well; this is just one example.
2. In our plants we have bursting discs before RV's on some of our vessels. What happens if the bursting disc has a pin hole leak?? Can we put in a pressure switch to warn us of pin hole leaks.
Yes, a pressure switch or gauge should be installed between the RD and PSV, and it is used to warn you of the pin hole leak.