New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is not the qualification of an

    Arbitrator as per the Arbitration and Conciliation Act?
    A Must be impartial Correct Answer Incorrect Answer
    B An arbitrator shall be a person of general reputation of fairness, integrity and capable of applying objectivity in settlement of disputes. Correct Answer Incorrect Answer
    C Should acknowledge potential conflicts only at his discretion Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer

    Solution

    Should acknowledge potential conflicts only at his discretion, Explanation: As per the Eighth schedule of the 2019 Amendment to Arbitration & Conciliation Act the necessary qualification of an arbitrator are- An arbitrator shall be a person of general reputation of fairness, integrity and capable of applying objectivity in settlement of disputes. An arbitrator must be impartial and neutral and avoid entering into any financial business or other relationship that is likely to affect impartiality or might reasonably create an appearance of partiality or bias amongst the parties. An arbitrator should avoid any potential conflicts and the arbitrator should be capable of suggesting, recommending or writing a reasoned and enforceable arbitral award in any dispute which comes before him for adjudication.

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