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Arbitration And Conciliation Act Law 100 MCQ With Free Exam SET:-1

Q61. The arbitration awards rendered in arbitration proceedings commended before the coming into force of the Arbitration & Conciliation Act, 1996

(A) Are to be challenged as per the provisions of the Arbitration Act, 1940 Act only
(B) Are to be challenged as per the provisions of the 1996 Act
(C) Are to be challenged as per the provisions of the Arbitration Act, 1940 only unless otherwise agreed by the parties
(D) Cannot be challenged since the 1940 Act stands repealed on coming into force of the 1996 Act

Answer: Are to be challenged as per the provisions of the Arbitration Act, 1940 only unless otherwise agreed by the parties

Q62. According to Section 2(d) Arbitral Tribunal may mean

(A) Sole Arbitrator
(B) Panel of Arbitrators
(C) Both (A) and (B)
(D) None of the above

Answer: Both (A) and (B)

Q63. The parties to the arbitration agreement shall appoint arbitrator within:

(A) Thirty days
(B) Sixty days
(C) Forty days
(D) Ninety days

Answer: Thirty days

Q64. Under the Arbitration and Conciliation Act, 1996, Court means in the case of arbitration other than the international commercial arbitration

(A) Principal Civil Court of original jurisdiction in a district
(B) High Court in exercise of its ordinary original civil jurisdiction
(C) Any civil court of a grade inferior to principal civil jurisdiction or a Court of small causes
(D) Both (A) and (B) only

Answer: Both (A) and (B) only

Q65. Part III of Arbitration and Conciliation Act, 1996 formalizes:

(A) Process of Conciliation
(B) Process of Arbitration
(C) Enforcement of Foreign Awards under New York and Geneva Conventions
(D) All the above

Answer: Process of Conciliation

Q66. Part IV of the Act deals with:

(A) Geneva Conventions
(B) Costs and Expenses
(C) Supplementary Provisions
(D) None of the above

Answer: Supplementary Provisions

Q67. On allowing of an application under Section 8 of the Arbitration & Conciliation Act, the suit:

(A) Stands disposed of
(B) Remains pending
(C) Is adjourned sine die
(D) Is proceeded with further

Answer: Stands disposed of

Q68. According to Section 37, an appeal shall lie to the Court authorized by law for

(A) Granting or refusing to grant any measure under Section 9
(B) Setting aside or refusing to set aside an arbitral award under Section 34
(C) Both (A) and (B)
(D) Only (A)

Answer: Both (A) and (B)

Q69. Conciliation proceedings:

(A) Cannot be terminated later
(B) Can be terminated only by judge of High Court
(C) Can be terminated by a written declaration by a party to the other party
(D) Both (B) and (C)

Answer: Can be terminated by a written declaration by a party to the other party

Q70. The conciliation proceedings shall be terminated:

(A) By signing of the settlement agreement by the parties, on the date of agreement
(B) By written declaration of the parties and the conciliator to terminate the conciliation proceedings on the date of declaration
(C) By written declaration of the parties addressed to the conciliator to the effect that conciliation proceedings are terminated, on the date of declaration
(D) All of the above

Answer: All of the above