51
After the settlement agreement is reached between the parties to conciliation:
A)
The conciliator makes an award stating the reasons thereof
B)
The conciliator shall authenticate the settlement agreement and furnish a copy thereof
C)
The conciliator shall refer the matter to the tribunal
D)
None of the above
Answer & Solution
Answer: Option
B
52
An Arbitration agreement is deemed to be in writing if it is contained in
A)
Only (1) and (2) and not (3)
B)
Only (1) and not (2) and (3)
C)
All three above
D)
None of these
Answer & Solution
Answer: Option
C
53
The Arbitration and Conciliation Act, 1996 came into force on the:
A)
25th day of December, 1996
B)
25th day of January, 1996
C)
25th day of March, 1996
D)
25th day of May, 1996
Answer & Solution
Answer: Option
B
54
Under section 7, Arbitration and Conciliation Act, 1996, an arbitration agreement shall be in writing if it is contained in
A)
A document signed by the parties
B)
An exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement
C)
An exchange of statements of claim and defence in which the existence of the agreement is alleged by one party and not denied by the other party
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
55
An arbitration award under the Arbitration and Conciliation Act, 1996
A)
Has the status of a decree immediately on publication/pronouncement thereof
B)
Does not have the status of a decree
C)
Has the status of a decree only after the time of three months for making an application to set aside the same has expired or such application having been made has been refused
D)
Has the status of a decree only after time of three months and a further period of 30 days for making an applicationto set aside the same has expired or such application having been made has been refused
Answer & Solution
Answer: Option
C
56
Which of the following chapter under the Act provides for the Composition of Arbitration Tribunal:
A)
Chapter I
B)
Chapter III
C)
Chapter IV
D)
Chapter V
Answer & Solution
Answer: Option
B
57
Section 8, Arbitration and Conciliation Act, 1996
A)
Bars the court from referring the parties to arbitration once the party has submitted his statement
B)
Does not bar the court from referring the parties to arbitration after submission of his statement, where the party who has brought the action does not object
C)
Does not bar the court from referring the parties to arbitration after submission of his statement, irrespective of whether the party who has brought the action has any objection to it or not
D)
Only (A), and not (B) or (C)
Answer & Solution
Answer: Option
B
58
Under Limitation Act, the suit filed after prescribed period of limitation then which one is true of them?
A)
May be dismissed if objection is raised by the defendant in the W.S.
B)
May be dismissed if the objection is raised by the defendant in an application filed under order 7 rule 11 C.P.C. (Code of Civil procedure)
C)
The court suo mota may dismiss the suit
D)
All of these
Answer & Solution
Answer: Option
D
59
An application for setting aside an arbitral award must be made by the party after receiving the award within:
A)
Three months
B)
Thirty days
C)
Ninety days
D)
Forty days
Answer & Solution
Answer: Option
A
60
Ad-hoc arbitration can be sought:
A)
When the parties involved in commercial transaction choose to incorporate arbitration clause as a part of agreement to refer their future disputes
B)
When a dispute that arose between the parties to a business transaction could not be settled through mediation or conciliation
C)
When the parties agree to submit to arbitration 'all or any' differences which have arisen or may arise
D)
Only (B) and (C)
Answer & Solution
Answer: Option
B
