Arbitration And Conciliation Act MCQ question and answer

81

A Civil Court before which an action is brought in a matter which is subject matter of arbitration, while referring the parties to arbitration on application of the party, is under the Arbitration & Conciliation Act, 1996 required to:

A) Dispose of the suit in terms of said reference B) Dismiss the suit C) Decree the suit D) Stay further proceedings in the suit and adjourn the suit sine die

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Answer & Solution

Answer: Option A

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82

An Arbitrator does not have power to:

A) Alter the terms of the arbitration agreement B) Make ex-gratia payment C) Award damages otherwise than according to law D) All of the Above

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Answer & Solution

Answer: Option D

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83

'Foreign award' implies:

A) The New York Convention shall apply to the arbitral awards made in state where their recognition and enforcement is sought B) The New York Convention shall apply to arbitral awards not considered as 'domestic awards' where their recognition and enforcement is sought C) Both (A) and (B) D) None of the above

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Answer & Solution

Answer: Option C

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84

Where the time for making an application to set aside the arbitral award under section 34 has expired or such application having being made, has be been refused/rejected by the Court:

A) The award shall be enforced as if it were the decree of the Court B) The award shall not be enforced as a decree of the Court C) The award shall be enforced as a decree with the declaration of the Court D) None of the above

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Answer & Solution

Answer: Option A

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85

The term "International Commercial Arbitration" is defined under:

A) Section 2(f) B) Section 2(b) C) Section 2(c) D) Section 2(d)

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Answer & Solution

Answer: Option A

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86

A sum directed to be paid by an arbitral award shall carry interest

A) @ 6% per annum from the date of the award till the date of payment B) @ 12% per annum from the date of the award till the date of payment C) @ 18% per annum from the date of the award till the date of payment D) @ 24% per annum from the date of the award till the date of payment

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Answer & Solution

Answer: Option C

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87

Which provision of the Arbitration and Conciliation Act mandates that Arbitration Agreement shall be in writing?

A) Section 7 B) Section 3 C) Section 8 D) Section 11

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Answer & Solution

Answer: Option A

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88

In which of the following cases, the Supreme Court held that an International Commercial Arbitration is one which has its juridical or legal seat of arbitration outside India

A) Bhatia International v. Bulk Trading S.A., (2002) 4 SCC 105 B) Bharat Aluminium Company v. Kaiser Aluminium Technical Services Inc., (2012) 9 SCC 552 C) Booz Allen and Hamilton Inc. v. SBI Home Finance Limited, (2011) 5 SCC 532 D) Vimal Kishore Shah v. Jayesh Dinesh Shah, (2016) 8 SCC 788

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Answer & Solution

Answer: Option B

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89

Which of the following disputes may not be submitted to conciliation:

A) Disputes on taxation B) Disputes under personal laws C) Both (A) and (B) D) Only (A)

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Answer & Solution

Answer: Option C

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90

The evidence which is inadmissible under section 81 is:

A) Admissions made by other party in the course of the conciliation proceedings B) Proposals made by the conciliator C) views expressed by the conciliator in course of conciliation proceedings D) All of the above

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Answer & Solution

Answer: Option D

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