Arbitration And Conciliation Act - Practice Test

[#121] A petition under section 34 of the Arbitration and Conciliation Act, 1996 is filed on the forty firstday after the expiry of limitation prescribed in section 34(c) of the said Act along with an application for condoning the delay. The Court must

(A) Condone delay and issue notice of the petition under section 34 of the Arbitration and Conciliation Act, 1996 to the Respondent

(B) Issue notice to Respondent only of the application seeking condonation of delay

(C) Dismiss the application for condonation of delay as well as petition under section 34 of the Arbitration and Conciliation Act, 1996 on ground of limitation

(D) Issue notice of the application seeking condonation of delay as well as of the petition under section 34 of the Arbitration and Conciliation Act, 1996

Correct Answer

(C) Dismiss the application for condonation of delay as well as petition under section 34 of the Arbitration and Conciliation Act, 1996 on ground of limitation

[#122] The term "Arbitral Award" is defined under:

(A) Section 2(b)

(B) Section 2(c)

(C) Section 2(d)

(D) Section 2(e)

Correct Answer

(B) Section 2(c)

[#123] Which of the following is the material difference between an arbitration agreement and an ordinary contract:

(A) In ordinary contract the obligations of the parties to each other cannot in general be specifically enforced and breach of them results only in damages

(B) The appropriate remedy for breach of agreement to arbitrate is not damages but its enforcement

(C) Both (A) and (B) are correct

(D) Both (A) and (B) are incorrect

Correct Answer

(A) In ordinary contract the obligations of the parties to each other cannot in general be specifically enforced and breach of them results only in damages

[#124] He who cannot contract, cannot submit disputes to arbitration, this implies:

(A) A person competent to contract cannot submit the dispute to arbitration

(B) A person incompetent to contract cannot submit the dispute to arbitration

(C) A person incompetent to contract can submit dispute to arbitration

(D) Both (A) and (B)

Correct Answer

(B) A person incompetent to contract cannot submit the dispute to arbitration

[#125] An application to set aside the arbitral award under the Arbitration and Conciliation Act, 1996 may be made within a time period of the following number of days that have elapsed from the date on which the party making that application had received the arbitral award

(A) One month

(B) Two months

(C) Three months

(D) Forty five days

Correct Answer

(C) Three months

Arbitration And Conciliation Act - Study Mode

[#121] A petition under section 34 of the Arbitration and Conciliation Act, 1996 is filed on the forty firstday after the expiry of limitation prescribed in section 34(c) of the said Act along with an application for condoning the delay. The Court must

Correct Answer

[#122] The term "Arbitral Award" is defined under:

Correct Answer

[#123] Which of the following is the material difference between an arbitration agreement and an ordinary contract:

Correct Answer

[#124] He who cannot contract, cannot submit disputes to arbitration, this implies:

Correct Answer

[#125] An application to set aside the arbitral award under the Arbitration and Conciliation Act, 1996 may be made within a time period of the following number of days that have elapsed from the date on which the party making that application had received the arbitral award

Correct Answer