What is the purpose of the UNCITRAL Model Law of International Commercial Arbitration?

Legal Studies Quiz

Quiz
•
Business
•
11th Grade
•
Hard
Y Joshna
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To delay the resolution of commercial disputes
To provide a platform for parties to reach a mutually agreeable solution
To resolve disputes as expeditiously as possible with minimal court intervention
To increase the complexity of commercial disputes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key difference between mediation and conciliation?
Mediation is binding like an arbitral award, while conciliation is not
Mediation is focused on negotiation, while conciliation is focused on evaluation
Mediation is a formal process, while conciliation is informal
Mediation involves a neutral third party suggesting potential solutions, while conciliation does not
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the major advantage of an ombudsman in addressing complaints?
They have the authority to create special courts for cases
They have the ability to issue binding recommendations
They have the power to prosecute public servants
They examine complaints from outside the offending state institution
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of Lok Adalat in India?
To relieve the burden on the Courts with pending cases
To increase animosity between parties
To provide an expensive forum for dispute resolution
To delay the resolution of disputes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can be appointed as a member of Lokpal according to The Lokpal and Lokayukta Act, 2013?
Only current and ex-prime ministers
Any citizen of India
Only retired judges
Eminent judicial members with expertise in anti-corruption policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of a mediator in the mediation process?
To facilitate the conversation and provide a structure for discussion
To evaluate the case and direct parties towards settlement
To support empowerment and recognition shifts
To act as an arbiter if mediation fails
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Banking Ombudsman Scheme in India?
To increase the fees for bank customers
To provide a forum for resolution of complaints against banks
To restrict the interaction between customers and judges
To handle complaints against insurance companies
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