Arbitration And Conciliation Act MCQ question and answer

11

Arbitration is:

A) Settlement of disputes by mutual understanding or agreement by the parties B) An alternate dispute resolution mechanism C) A form of Conciliation D) Both (A) and (B)

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Answer & Solution

Answer: Option D

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12

The Arbitration and Conciliation Act, 1996 was enacted taking into consideration:

A) International Chamber of Commerce Rules B) Model law and conciliation rules adopted by the United Nations Commission on International Trade Law (UNCITRAL) C) LCIA ( London Court of International Arbitration) India Arbitration Rules D) Indian Arbitration Act, 1940

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Answer & Solution

Answer: Option B

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13

The parties to an arbitration

A) Cannot appoint more than two arbitrators B) Are free to determine the number of arbitrators provided that such number shall not be an even number C) Cannot appoint an arbitrator without the leave of the Court D) Can appoint an uneven number of arbitrators

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Answer & Solution

Answer: Option B

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14

The "Arbitral Award" as defined in the Arbitration and Conciliation Act, 1996 includes:

A) Final award B) Interim award C) Both final and interim award D) None of these

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Answer & Solution

Answer: Option B

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15

A defendant enters appearance in a money suit and files a petition informing the Court that there exists an arbitration agreement between the parties. However, during pendency of such adjudication by the Court the defendant gets an arbitral tribunal constituted as per the stipulation of the agreement and obtains an award in his favour-

A) The award would be subject to outcome of the suit B) The award would be invalid C) The award would become invalid at the option of the plaintiff of the suit D) The award would be a valid award

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Answer & Solution

Answer: Option D

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16

An application under section 8, Arbitration and Conciliation Act, 1996, contemplates

A) A matter pending before the Court B) A matter pending before a quasi-judicial authority C) A matter pending before an administrative authority D) Either (A) or (B) or (C)

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Answer & Solution

Answer: Option A

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17

The Arbitration and Conciliation (Amendment) Act 2015 came into force on

A) 23^rd October, 2015 B) 31^st December, 2015 C) 23^rd September, 2015 D) None of the above

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Answer & Solution

Answer: Option A

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18

Delay in making an application for setting aside the arbitral award

A) Can be condoned under section 5 of Limitation Act B) Cannot be condoned by invoking section 5 of Limitation Act C) May be condoned under section 5 of Limitation Act as per discertion of the court D) Only (A) and not (B) or (C)

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Answer & Solution

Answer: Option B

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19

Arbitration Law recognizes:

A) Principles of Natural Justice B) Principles of Equity C) Both (A) and (B) D) None of the above

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Answer & Solution

Answer: Option C

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20

The Conciliation proceeding shall not be terminated in case of:

A) Death of a party B) Signing of settlement agreement by the parties C) Restoring to Arbitral/Judicial proceedings D) All of the above

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Answer & Solution

Answer: Option C

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