Arbitration And Conciliation Act - Practice Test

[#321] The term "International Commercial Arbitration" means:

(A) An arbitration relating to disputes arising out of legal relationships, whether contracted or not, considered as commercial under the law in force in India

(B) Where at least one of the parties is an individual who is a national of or habitually resident in any country other than India or a body corporate which is incorporated in any country other than India, or a company or an association or a body of individuals whose central management and control is exercised in any country other than India or the Government of foreign country

(C) Both (A) and (B)

(D) None of the above

Correct Answer

(C) Both (A) and (B)

[#322] Arbitration is especially used for:

(A) Commercial disputes

(B) Public disputes

(C) Agricultural disputes

(D) Family disputes

Correct Answer

(A) Commercial disputes

[#323] Section 9 of 1996 Act is identical to:

(A) Section 41(b) of 1940 Act

(B) Section 40 of 1940 Act

(C) Section 39 of 1940 Act

(D) None of the above

Correct Answer

(A) Section 41(b) of 1940 Act

[#324] Where the parties fail to provide for an odd number of arbitrators, the arbitral tribunal shall consist of

(A) Three arbitrators

(B) Five arbitrators

(C) Sole arbitrator

(D) Either (A) or (B) or (C)

Correct Answer

(C) Sole arbitrator

[#325] The request for the correction or interpretation of the award by the arbitral Tribunal has to be made by the party:

(A) Within sixty days

(B) Within thirty days

(C) Within ninety days

(D) None of the above

Correct Answer

(B) Within thirty days

Arbitration And Conciliation Act - Study Mode

[#321] The term "International Commercial Arbitration" means:

Correct Answer

[#322] Arbitration is especially used for:

Correct Answer

[#323] Section 9 of 1996 Act is identical to:

Correct Answer

[#324] Where the parties fail to provide for an odd number of arbitrators, the arbitral tribunal shall consist of

Correct Answer

[#325] The request for the correction or interpretation of the award by the arbitral Tribunal has to be made by the party:

Correct Answer