Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 2 - ECONOMIC LAW - Chapter 4: THE ARBITRATION AND CONCILIATION ACT, 1996 - For Practice relevant for May/Nov 23 Examinations


Q:1 The conventional method of resolving disputes between the parties by approaching the court is called as _______.               


  1. Litigation
  2. Mediation
  3. Arbitration
  4. Conciliation

Answer: 1

Q:2 The method of resolving disputes by submitting the dispute to one or more neutral persons, whose decision shall be binding on the parties, and who shall be appointed by the parties to resolve the dispute, is called as ________            


  1. Conciliation
  2. Mediation
  3. Litigation
  4. Arbitration

Answer: 4

Q:3 The provisions relating to conciliation are contained in _________ of the Act and provisions relating to conciliation are contained in _______ of the Act.    


  1. Part I; Part II
  2. Part II; Part III
  3. Part I; Part IV
  4. Part I; Part III

Answer: 4

Q:4 Some of the methods of _________ are arbitration, mediation, conciliation and negotiation.


  1. Prosecution
  2. Litigation
  3. Alternative Dispute Resolution
  4. Trial

Answer: 3

Q:5 Any _________ may be submitted to arbitration.  


  1. Existing dispute
  2. Future dispute
  3. (a) and / or (b)
  4. Industrial dispute

Answer: 3

Q:6 "In case of international commercial arbitration, if the 'seat of arbitration' is India, it means that the Indian courts shall have the authority to -

Statement (1): Supervise and provide supportive measures for the arbitral proceedings.

Statement (2): Entertain any challenge against the arbitral award."       


  1. Only Statement (1) is correct
  2. Only Statement (2) is correct
  3. Both the Statements are correct
  4. None of the Statements is correct

Answer: 3

Q:7 _________means a voluntary, confidential and flexible process by which the parties to a dispute seek to mutually settle their dispute with the assistance of a neutral third party.


  1. Arbitration
  2. Conciliation
  3. Litigation
  4. Negotiation

Answer: 2


CA Final - Paper 4 - Corporate and Economic Laws - PART 2 -  Economic Law - Chapter 5   

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