Arbitration And Conciliation Act MCQ question and answer

Section 1 Section 2 Section 3 Section 4

41.
A' has let out his property at Delhi to 'B' at a rent of Rs. 3000/- per month on the terms and conditions contained in a registered lease dead. The lease deed provided for arbitration of all disputes between the parties. 'B' fails to vacate the property inspite of expiry of period of lease of two years. 'A' initiates arbitral proceedings under the Arbitration and Conciliation Act, 1996 in accordance with an arbitration clause in the lease deed seeking eviction/ejectment of 'B' from the property

A. The arbitral proceedings are maintainable

B. The arbitration proceedings are not maintainable

C. The arbitral proceedings are maintainable only if 'B' does not object to the same

D. The arbitral proceedings are maintainable with the express consent of 'B'

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42.
In the absence of an agreement between the parties, the arbitration proceedings are said to have commenced on:

A. The date on which the first party dispatches a notice of request to the second party for referring the dispute to arbitration

B. The date on which a request to refer the dispute to arbitration is received by the second party

C. When one of the parties submit the claim petition before the arbitrator

D. None of these

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43.
If one party is Indian Company and another is American company and the dispute arises out of legal relationship under contract entered between them, then such dispute falls

A. Under International Commercial Arbitration within the meaning of section 2(f) of Arbitration and Conciliation Act, 1996

B. Under general arbitration within the meaning of section 2(a) of Arbitration Act, 1940

C. Under section 3(b) of Civil Procedure Code, 1908

D. Under section 5(b) of General Clauses Act, 1897

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44.
The court may set aside an arbitral award only if:

A. An application for setting aside is moved by the party along with the proof to substantiate the grounds for assailing the arbitral award

B. Court on its own i.e. suo motu may set aside the award in certain cases

C. Both (A) and (B)

D. None of the above

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45.
The principal disadvantages of arbitration are:

A. The arbitrator may be incompetent both in the trade and in the legal aspects of the matter

B. The arbitrator may be biased

C. Injustice may result from the informality of the Procedure

D. All of the above

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46.
An arbitral award becomes enforceable when

A. The time for making an application for setting aside the arbitral award has expired and no such application has been made

B. An application for setting aside the arbitral award has been refused

C. Either (A) or (B)

D. Neither (A) nor (B)

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47.
According to Section 39, for any unpaid costs of the Arbitration:

A. The Arbitral Tribunal shall have a lien on the arbitral award

B. The Arbitral Tribunal shall not have a lien on the arbitral award

C. The Arbitral Tribunal shall have lien on the arbitral award with the approval of the Court

D. None of the above

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48.
An arbitration agreement specifying even number of arbitrators cannot be a sole ground to render arbitration agreement invalid' - this was laid down in:

A. Grid corporation of Orissa Ltd. v. Indian Charge Chrome, AIR 1998 SC 1761

B. K. K. Modi v. K. N. Modi, AIR 1998 SC 1297

C. M.M.T.C. Ltd. v. Sterlite Industries (India) Ltd., AIR 1997 SC 605

D. Sundaram Finance Ltd. v. N.E.P.C. India Ltd., AIR 1999 SC 565

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49.
The conciliation proceedings are terminated by:
1. signing of settlement agreement by parties.
2. conciliator, at his own, declaring in writing that further efforts are no longer justified.
3. written declaration by the parties to the conciliator that conciliation proceedings are terminated.
4. written declaration by one party to the other party and concilator that conciliation proceedings are terminated.
Select the correct answer using the given below:

A. 1, 2, 3 and 4

B. 3 and 4 only

C. 1 and 2 only

D. 1, 3 and 4 only

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50.
Section 5 of the Act, intends:

A. To restrict the scope of judicial intervention

B. To increase the scope of judicial intervention

C. To oust the scope of judicial intervention

D. None of the above

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

Answer & Solution

42. In the absence of an agreement between the parties, the arbitration proceedings are said to have commenced on:

Answer & Solution

43. If one party is Indian Company and another is American company and the dispute arises out of legal relationship under contract entered between them, then such dispute falls

Answer & Solution

44. The court may set aside an arbitral award only if:

Answer & Solution

45. The principal disadvantages of arbitration are:

Answer & Solution

46. An arbitral award becomes enforceable when

Answer & Solution

47. According to Section 39, for any unpaid costs of the Arbitration:

Answer & Solution

48. An arbitration agreement specifying even number of arbitrators cannot be a sole ground to render arbitration agreement invalid' - this was laid down in:

Answer & Solution

Answer & Solution

50. Section 5 of the Act, intends:

Answer & Solution

Read More Section(Arbitration and Conciliation Act)

42.
In the absence of an agreement between the parties, the arbitration proceedings are said to have commenced on:

43.
If one party is Indian Company and another is American company and the dispute arises out of legal relationship under contract entered between them, then such dispute falls

44.
The court may set aside an arbitral award only if:

45.
The principal disadvantages of arbitration are:

46.
An arbitral award becomes enforceable when

47.
According to Section 39, for any unpaid costs of the Arbitration:

48.
An arbitration agreement specifying even number of arbitrators cannot be a sole ground to render arbitration agreement invalid' - this was laid down in:

50.
Section 5 of the Act, intends: