Hi Umarkhan. Yes, I've definitely heard them referred to like that (although I've also heard "past tense" referred to as "past simple"). I once got observed by a manager who told me I should never use confusing terminology like "base form" and "past participle" and should say 1st, 2nd and 3rd form instead as it is easier for students to understand.
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umarkhan1st form of verb is base form
2nd form of verb is past tens
e3rd form of verb is past participle
are they correct? Yes, totally correct. (Don't forget you need a question mark at the end of a question).