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Consider the following statements about the recently passed New Delhi International Arbitration Centre (NDIAC) Act:
(1) It is to replace the International Centre for Alternative Dispute Resolution (ICADR).
(2) It is to be headed by a Chairperson who has been a Judge of the Supreme Court or a High Court.
(3) It seeks to make India a hub of international and domestic arbitration.
Which of the statements given above are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements about the recently passed New Delhi ...
Recently, the government passed the New Delhi International Arbitration Centre (NDIAC) Act and Arbitration and Conciliation (Amendment) Act. The Act envisages the NDIAC to replace the International Centre for Alternative Dispute Resolution (ICADR) as an Institution of National Importance. So, statement (1) is correct.
It is to be headed by a Chairperson, who has been a Judge of the Supreme Court or a High Court or an eminent person having specialised knowledge and experience in the administration of arbitration. So, statement (2) is correct.
It is to facilitate conducting of international and domestic arbitration, mediation and conciliation proceedings in a most professional, cost-effective and timely manner. Thus, it seeks to make India a hub of international and domestic arbitration. So, statement (3) is correct.
Therefore the right answer option is (d).
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Consider the following statements about the recently passed New Delhi International Arbitration Centre (NDIAC) Act:(1) It is to replace the International Centre for Alternative Dispute Resolution (ICADR).(2) It is to be headed by a Chairperson who has been a Judge of the Supreme Court or a High Court.(3) It seeks to make India a hub of international and domestic arbitration.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements about the recently passed New Delhi International Arbitration Centre (NDIAC) Act:(1) It is to replace the International Centre for Alternative Dispute Resolution (ICADR).(2) It is to be headed by a Chairperson who has been a Judge of the Supreme Court or a High Court.(3) It seeks to make India a hub of international and domestic arbitration.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the recently passed New Delhi International Arbitration Centre (NDIAC) Act:(1) It is to replace the International Centre for Alternative Dispute Resolution (ICADR).(2) It is to be headed by a Chairperson who has been a Judge of the Supreme Court or a High Court.(3) It seeks to make India a hub of international and domestic arbitration.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the recently passed New Delhi International Arbitration Centre (NDIAC) Act:(1) It is to replace the International Centre for Alternative Dispute Resolution (ICADR).(2) It is to be headed by a Chairperson who has been a Judge of the Supreme Court or a High Court.(3) It seeks to make India a hub of international and domestic arbitration.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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