What is the difference between DROP and TRUNCATE commands?

If a table is dropped, all things associated with that table are dropped as well. This includes the relationships defined on the table with other tables, access privileges, and grants that the table has, as well as the integrity checks and constraints.

To create and use the table again in its original form, all the elements associated with the table need to be redefined.

However, if a table is truncated, there are no such problems as mentioned above. The table retains its original structure.