Arbitration And Conciliation Act MCQ question and answer

51

Within how much time the two appointed arbitrators will have to appoint the third arbitrator?

A) Within 15 days from the date of their appointment B) Within 30 days from the date of their appointment C) Within 45 days from the date of their appointment D) Within 60 days from the date of their appointment

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Answer & Solution

Answer: Option B

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52

To invoke international commercial arbitration it is necessary that at least one of the parties is:

A) A body corporate which is incorporated in any country other than India B) Government of a foreign country C) An individual who is a national of, or habitually resident in any country other than India D) All of the above

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Answer & Solution

Answer: Option D

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53

In which of the following cases, the Supreme Court held that the prohibition under Section 10 on the appointment of even number of arbitrator is not derogatory to arbitration proceedings in the sense that such a clause in the agreement will not render it invalid:

A) MMTC vs. Sterlite Industries (I) Ltd. B) Haryana Telecom Industries vs. Sterlite Industries (I) Ltd. C) K. K. Modi vs. K. M. Modi D) Jiwan Kumar Lohia vs. Durga Dutt Lohia

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Answer & Solution

Answer: Option A

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54

Under section 32, the principle of res judicata is applicable in:

A) A case having reference to an arbitral Tribunal B) A suit in a court of law C) Interim award made by the arbitral Tribunal D) Only (A) and (B)

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Answer & Solution

Answer: Option D

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55

An arbitrator:

A) Is chosen and paid by the disputant B) Acts in accordance with privately chosen procedure so far as that is not repugnant to public policy C) Only (A) is correct D) Both (A) and (B) are correct

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Answer & Solution

Answer: Option D

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56

Who is competent to stay the execution of the arbitral award?

A) The arbitral tribunal B) The executing court C) The High Court D) The court before whom the application is made under Section 34 of the Arbitration and Conciliation Act, 1996

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Answer & Solution

Answer: Option D

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57

In which of the following cases, it was observed by Bombay High Court that "Arbitration is a forum other than a Court of law for determination of disputes and differences after hearing both the sides in a judicial manner":

A) Union of India vs. D. P. Wadia and Sons B) Kunta Mulla Reddy vs. Soma Srinivas C) F.W.D & vs. Hiralal D) Singh vs. Singh

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Answer & Solution

Answer: Option A

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58

Before the enactment of Arbitration and Conciliation Act, 1996 which Act has been applicable in India for arbitration procedure

A) The Arbitration Act, 1940 B) The Code of Civil Procedure, 1908 C) The General Clauses Act, 1897 D) None of the above

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Answer & Solution

Answer: Option A

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59

The framing of the Arbitration and Conciliation Act, 1996 has been inspired from:

A) UNCITRAL B) Rules of the International Chamber of Commerce (ICC) C) UNCTAD D) None of the above

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Answer & Solution

Answer: Option A

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60

Which one among the following is not the binding/operative part of conveyance?

A) Parcels B) Exceptions C) Reservations D) Recital

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Answer & Solution

Answer: Option D

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