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Arbitration And Conciliation Act Law 100 MCQ With Free Exam SET:-1
Q11. “International Commercial Arbitration” means an arbitration relating to disputes, where at least one of the parties is:
(1) an individual who is a national of or habitually resident in any country other than India
(2) a body corporate which is incorporated in any country other than India
(3) an association or a body of individuals whose central management and control is exercised in any country other than India
(4) a Government of a foreign country
(A) (1) and (2) and not (3) and (4)
(B) (1), (2) and (3) and not (4)
(C) All the four above
(D) None of the above
Answer: All the four above
Q12. Section 17 of the Indian Registration Act, 1908 requires registration of:
(A) An award creating a right in immovable property worth more than 100 rupees
(B) An award creating a right in immovable property worth less than 100 rupees
(C) Both (A) and (B)
(D) None of the above
Answer: An award creating a right in immovable property worth more than 100 rupees
Q13. Principle of “accord and satisfaction”:
(A) Applies to an arbitration agreement
(B) Does not apply to a valid agreement
(C) Applies when the parties are not related
(D) Applies to an “agreement” signed by a minor
Answer: Applies to an arbitration agreement
Q14. Which Court or Authority has the power to punish any person for contempt of the National Company Law Tribunal:
(A) Supreme Court
(B) High Court
(C) National Company Law Appellate Tribunal
(D) National Company Law Tribunal
Answer: National Company Law Tribunal
Q15. The pendency of any arbitral proceeding is not a pre-condition in exercise of power by court. The court may grant interim relief before or during arbitral proceedings or at anytime after making of the arbitral award before it is enforced. It was held in case of
(A) Om Prakash v. State of Uttar Pradesh, AIR 2010 Uttra 64
(B) Globe Co-generation Power Ltd. v. Shri Hirenyakeshi Sahkari Karkhana Niyamit, AIR 2005 Kant 94
(C) MCD v. Pradeep Oil Mills Pvt. Ltd., AIR 2010 Del 119
(D) None of the above
Answer: Globe Co-generation Power Ltd. v. Shri Hirenyakeshi Sahkari Karkhana Niyamit, AIR 2005 Kant 94
Q16. An Arbitration Proceeding is:
(A) Administrative in nature
(B) Judicial in nature
(C) Quasi-Judicial in nature
(D) None of the above
Answer: Quasi-Judicial in nature
Q17. The ‘Presiding Arbitrator’ is appointed by:
(A) Parties to the arbitration agreement
(B) The appointed arbitrator by each party
(C) The Court
(D) Either (A) or (B) or (C)
Answer: The appointed arbitrator by each party
Q18. Which among the following options is the main purpose of the Arbitration and Conciliation Act, 1996
(A) To comprehensively cover international and commercial arbitration and also conciliation as also domestic arbitration and conciliation
(B) To cover only domestic arbitration and conciliation
(C) To cover only international arbitration
(D) None of above
Answer: To comprehensively cover international and commercial arbitration and also conciliation as also domestic arbitration and conciliation
Q19. In Conciliation:
(A) The parties come to settlement after the award of the conciliator
(B) The parties come to a settlement without making of any award by the conciliator
(C) The parties come to any settlement only after the agreement of settlement or conciliation is signed in front of the conciliator
(D) All of the above
Answer: The parties come to a settlement without making of any award by the conciliator
Q20. The provision which provides for mutual settlement of dispute by parties before the arbitral tribunal is laid down under:
(A) Section 24
(B) Section 30
(C) Section 29
(D) Section 27
Answer: Section 30