Question

The Indian Council of Arbitration was established in:

• A. 1956;
• B. 1976;
• C. 1965;
• D. 1996;

Hint:

The Indian Council of Arbitration was established to promote the use of arbitration as an alternative dispute resolution mechanism in India.

Answer 1

The Correct Option is C

Step 1: Understanding the Indian Council of Arbitration:
The Indian Council of Arbitration is an important institution in India for the promotion of arbitration as a method of dispute resolution. It was established to provide an institutional framework for resolving disputes through arbitration.
Step 2: Detailed Explanation of the Options:
- (A) 1956: This is incorrect. The Indian Council of Arbitration was not established in 1956.
- (B) 1976: This is incorrect. The Council was established earlier than 1976.
- (C) 1965: This is the correct answer. The Indian Council of Arbitration was established in 1965.
- (D) 1996: This is incorrect. The Council was established much earlier than 1996.
Step 3: Final Conclusion:
The correct answer is (C) 1965, as this is the year when the Indian Council of Arbitration was established.