Arbitration and Domestic Law

Description: This quiz is designed to test your understanding of Arbitration and Domestic Law.
Number of Questions: 15
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What is the primary legislation governing arbitration in India?

  1. Arbitration Act, 1940

  2. Arbitration and Conciliation Act, 1996

  3. Indian Contract Act, 1872

  4. Code of Civil Procedure, 1908


Correct Option: B
Explanation:

The Arbitration and Conciliation Act, 1996 is the primary legislation governing arbitration in India. It provides a comprehensive framework for the conduct of arbitration proceedings and the enforcement of arbitral awards.

Which of the following is not a ground for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996?

  1. Corruption or fraud by the arbitrator

  2. Serious irregularity in the conduct of the arbitration proceedings

  3. Failure of the arbitrator to give reasons for the award

  4. The award is in conflict with public policy


Correct Option: C
Explanation:

Failure of the arbitrator to give reasons for the award is not a ground for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996.

What is the time limit for filing an application for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996?

  1. 30 days

  2. 60 days

  3. 90 days

  4. 120 days


Correct Option: C
Explanation:

The time limit for filing an application for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996 is 90 days from the date of receipt of the award.

Which of the following is not a requirement for an arbitration agreement to be valid under the Arbitration and Conciliation Act, 1996?

  1. It must be in writing

  2. It must be signed by all the parties

  3. It must specify the subject matter of the dispute

  4. It must be witnessed by two witnesses


Correct Option: D
Explanation:

It is not a requirement for an arbitration agreement to be valid under the Arbitration and Conciliation Act, 1996 that it be witnessed by two witnesses.

What is the default number of arbitrators in an arbitration proceeding under the Arbitration and Conciliation Act, 1996?

  1. 1

  2. 2

  3. 3

  4. 4


Correct Option: A
Explanation:

The default number of arbitrators in an arbitration proceeding under the Arbitration and Conciliation Act, 1996 is 1.

Which of the following is not a power of the arbitral tribunal under the Arbitration and Conciliation Act, 1996?

  1. To summon witnesses

  2. To compel the production of documents

  3. To administer oaths

  4. To award punitive damages


Correct Option: D
Explanation:

The arbitral tribunal does not have the power to award punitive damages under the Arbitration and Conciliation Act, 1996.

What is the effect of an arbitral award under the Arbitration and Conciliation Act, 1996?

  1. It is binding on the parties

  2. It can be appealed to the court

  3. It can be enforced by the court

  4. All of the above


Correct Option: D
Explanation:

An arbitral award under the Arbitration and Conciliation Act, 1996 is binding on the parties, can be appealed to the court, and can be enforced by the court.

Which of the following is not a ground for refusing to enforce an arbitral award under the Arbitration and Conciliation Act, 1996?

  1. The award is in conflict with public policy

  2. The award was obtained by fraud or corruption

  3. The award is in violation of the fundamental principles of natural justice

  4. The award is not in writing


Correct Option: D
Explanation:

The award not being in writing is not a ground for refusing to enforce an arbitral award under the Arbitration and Conciliation Act, 1996.

What is the limitation period for filing an application for the enforcement of an arbitral award under the Arbitration and Conciliation Act, 1996?

  1. 3 years

  2. 6 years

  3. 9 years

  4. 12 years


Correct Option: A
Explanation:

The limitation period for filing an application for the enforcement of an arbitral award under the Arbitration and Conciliation Act, 1996 is 3 years from the date of the award.

Which of the following is not a type of arbitration under the Arbitration and Conciliation Act, 1996?

  1. Domestic arbitration

  2. International arbitration

  3. Institutional arbitration

  4. Ad hoc arbitration


Correct Option: C
Explanation:

Institutional arbitration is not a type of arbitration under the Arbitration and Conciliation Act, 1996.

What is the role of the court in arbitration proceedings under the Arbitration and Conciliation Act, 1996?

  1. To appoint arbitrators

  2. To supervise the arbitration proceedings

  3. To enforce arbitral awards

  4. All of the above


Correct Option: D
Explanation:

The court has the role of appointing arbitrators, supervising the arbitration proceedings, and enforcing arbitral awards under the Arbitration and Conciliation Act, 1996.

Which of the following is not a method of resolving disputes under the Arbitration and Conciliation Act, 1996?

  1. Arbitration

  2. Conciliation

  3. Mediation

  4. Negotiation


Correct Option: D
Explanation:

Negotiation is not a method of resolving disputes under the Arbitration and Conciliation Act, 1996.

What is the role of the arbitral tribunal in arbitration proceedings under the Arbitration and Conciliation Act, 1996?

  1. To hear the evidence and arguments of the parties

  2. To decide the dispute and issue an award

  3. To enforce the award

  4. All of the above


Correct Option:
Explanation:

The role of the arbitral tribunal in arbitration proceedings under the Arbitration and Conciliation Act, 1996 is to hear the evidence and arguments of the parties and to decide the dispute and issue an award.

Which of the following is not a benefit of arbitration under the Arbitration and Conciliation Act, 1996?

  1. It is a private and confidential process

  2. It is less expensive than litigation

  3. It is faster than litigation

  4. It is more flexible than litigation


Correct Option: D
Explanation:

Arbitration under the Arbitration and Conciliation Act, 1996 is not more flexible than litigation.

What is the primary objective of the Arbitration and Conciliation Act, 1996?

  1. To promote arbitration as a means of resolving disputes

  2. To provide a uniform law for arbitration

  3. To make arbitration more accessible and affordable

  4. All of the above


Correct Option: D
Explanation:

The primary objective of the Arbitration and Conciliation Act, 1996 is to promote arbitration as a means of resolving disputes, to provide a uniform law for arbitration, and to make arbitration more accessible and affordable.

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