Current Affairs Exam  >  Current Affairs Questions  >  Consider the following statements regarding P... Start Learning for Free
Consider the following statements regarding Permanent Court of Arbitration (PCA).
1. It helps developing countries meet part of the costs involved in international arbitration.
2. The decisions or awards of the PCA are not binding on the parties.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Permanent Court of Arbitra...
Permanent Court of Arbitration (PCA)
  • Established in 1899.
  • Headquartered at the Hague in Netherlands.
  • It has Financial Assistance Fund which aims at helping developing countries meet part of the costs involved in international arbitration or other means of dispute settlement offered by the PCA.
  • All decisions, called “awards” are binding on all the parties in the dispute and have to be carried out without delay.
Functions and jurisdiction:
It provides services of arbitral tribunal to resolve disputes that arise out of international agreements between member states, international organizations or private parties.
  • The cases span a range of legal issues involving territorial and maritime boundaries, sovereignty, human rights, international investment, and international and regional trade.
The organization is not a United Nations agency, but the PCA is an official United Nations Observer.
Free Test
Community Answer
Consider the following statements regarding Permanent Court of Arbitra...
Permanent Court of Arbitration (PCA)
  • Established in 1899.
  • Headquartered at the Hague in Netherlands.
  • It has Financial Assistance Fund which aims at helping developing countries meet part of the costs involved in international arbitration or other means of dispute settlement offered by the PCA.
  • All decisions, called “awards” are binding on all the parties in the dispute and have to be carried out without delay.
Functions and jurisdiction:
It provides services of arbitral tribunal to resolve disputes that arise out of international agreements between member states, international organizations or private parties.
  • The cases span a range of legal issues involving territorial and maritime boundaries, sovereignty, human rights, international investment, and international and regional trade.
The organization is not a United Nations agency, but the PCA is an official United Nations Observer.
Attention Current Affairs Students!
To make sure you are not studying endlessly, EduRev has designed Current Affairs study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Current Affairs.
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Permanent Court of Arbitration (PCA).1. It helps developing countries meet part of the costs involved in international arbitration.2. The decisions or awards of the PCA are not binding on the parties.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev