41
Section 38 deals with:
A)
Unpaid costs of arbitration
B)
Fixation of the costs of an arbitration
C)
Both (A) and (B)
D)
None of the above
Answer & Solution
Answer: Option
B
42
A party seeking appointment of an Arbitrator through the High Court or its designate shall make a request under:
A)
Section 11(3) of the Arbitration and Conciliation Act, 1996
B)
Section 11(2) of the Arbitration and Conciliation Act, 1996
C)
Section 11(6) of the Arbitration and Conciliation Act, 1996
D)
Section 10 of the Arbitration and Conciliation Act, 1996
Answer & Solution
Answer: Option
C
A)
Shall not be bound by the Code of Civil Procedure or the Indian Evidence Act
B)
Shall follow the Code of Civil Procedure
C)
Shall follow the Indian Evidence Act
D)
Shall follow the arbitrary procedure
Answer & Solution
Answer: Option
A
44
The arbitral tribunal may correct, any computation error, any clerical or typographical error or any other errors of a similar natural occurring in the award on suo motu
A)
Within three months from the date of award
B)
Within two months from the date of award
C)
Within thirty days
D)
Within forty five days
Answer & Solution
Answer: Option
C
45
Which is incorrect statement:
A)
Arbitrator is a person to whom the matters in the dispute are submitted by the parties
B)
The Arbitral Tribunal can make law of its own
C)
The Arbitral Tribunal is the creature of an agreement
D)
Both (B) and (C) are incorrect
Answer & Solution
Answer: Option
B
46
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
Answer & Solution
Answer: Option
C
47
The fees of an Arbitrator:
A)
May be fixed at the time of his appointment
B)
May be fixed during the course of arbitration
C)
Either (A) or (B)
D)
None of the above
Answer & Solution
Answer: Option
C
48
Prior to the enactment & enforcement of the Arbitration and Conciliation Act, 1996, the law on arbitration in India was substantially contained in:
A)
The Arbitration Act, 1940
B)
The Arbitration (Protocol & Convention) Act, 1937
C)
The Foreign Awards (Recognition and Enforcement) Act, 1961
D)
All of the above
Answer & Solution
Answer: Option
D
49
Which of the following chapter deals with 'Conduct of Arbitral Proceedings':
A)
Chapter II
B)
Chapter III
C)
Chapter V
D)
Chapter VI
Answer & Solution
Answer: Option
C
50
The expression 'foreign award' is defined under:
A)
Section 41
B)
Section 42
C)
Section 44
D)
Section 40
Answer & Solution
Answer: Option
C
