Arbitration And Conciliation Act MCQ question and answer

21

Which of the following disputes can be adjudicated upon through arbitration?

A) Arising out of legal relations B) Arising out of contractual relations C) Arising out of commercial relations D) All of the above

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Answer & Solution

Answer: Option D

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22

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

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Answer & Solution

Answer: Option C

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23

Arbitration is especially used for:

A) Commercial disputes B) Public disputes C) Agricultural disputes D) Family disputes

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Answer & Solution

Answer: Option A

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24

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

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Answer & Solution

Answer: Option A

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25

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)

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Answer & Solution

Answer: Option C

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26

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

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Answer & Solution

Answer: Option B

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27

Which of the following form of Arbitration is practised in India:

A) Adhoc arbitration B) Institutional arbitration C) Statutory arbitration D) All of the above

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Answer & Solution

Answer: Option D

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28

Where there is a challenge to arbitrator under any procedure agreed upon by the parties, the Arbitral Tribunal shall

A) Send the matter to the court B) Appoint any other arbitrator at its own discretion C) Not continue the arbitral proceedings D) Continue the arbitral proceedings and shall decide on the challenge

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Answer & Solution

Answer: Option D

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29

Which of the following is incorrect statement:

A) Revision application is not maintainable against appellate order, B) The orders of arbitral tribunals are appealable C) Any right to appeal to the Supreme Court is not prohibited D) None of the above

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Answer & Solution

Answer: Option D

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30

Under the Arbitration and Conciliation Act, 1996, Arbitration Tribunal may direct payment of interest:

A) For whole or part of the period from the date of cause of action till award, but not for the period post the award B) For whole or part of the period from the date of cause of action till payment is made C) For the period post the award only when the arbitration clause specifically states that interest shall be awarded D) Arbitration Tribunal cannot award interest and only Court can direct and award interest

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Answer & Solution

Answer: Option B

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Arbitration And Conciliation Act MCQ question and answer | Law MCQ question