Millionaire Mode

Arbitration Agreement

Question 1 of 15

What is the legal definition of an arbitration agreement under the Arbitration and Conciliation Act, 1996?

  1. A written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.
  2. A verbal agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.
  3. A written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them, but only if the dispute is related to a commercial transaction.
  4. A verbal agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them, but only if the dispute is related to a commercial transaction.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000