Examveda
Examveda

Which is correct statement:

A. Institutional arbitration has its own set of rules

B. Indian Council of Arbitration is the apex body

C. The rules may provide for domestic or international arbitration or for both

D. All of the above

Answer: Option D


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Related Questions on Arbitration and Conciliation Act

An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party