CAF-4 Chapter- 18 COMPETITION ACT AND ARBITRATION ACT

CAF-4 Chapter- 18 Competition act and arbitration act

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Business Law Quiz for the ICAP CA students.

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Question 1 of 10

1. Question
1 points

Category: CAF4
Which of the following practices might be an abuse of the dominant position?
- applying dissimilar conditions to equivalent transactions on other parties, placing them at a competitive disadvantage.
- tie-ins, where the sale of goods or services is made conditional on the purchase of other goods or services.
- making conclusion of contracts subject to acceptance by the other parties of supplementary obligations which by their nature or according to commercial usage, have no connection with the subject of the contracts.
- All of the above.
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Question 2 of 10

2. Question
1 points

Category: CAF4
Which of the following is a deceptive marketing practice?
- refusing to deal while having a dominant position.
- false or misleading comparison of goods in the process of presenting the goods of the company.
- predatory pricing drives competitors out of a market, prevent new entry and monopolize the market
- boycotting or excluding any other undertaking from the production, distribution or sale of any goods or the provision of any service.
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Question 3 of 10

3. Question
1 points

Category: CAF4
Which of the following is a deceptive marketing practice?
- fraudulent use of another's trademark, firm name, or product labelling or packaging.
- the distribution of false or misleading information to consumers, including the distribution of information lacking a reasonable basis, related to the price, character, method or place of production, properties, suitability for use, or quality of goods.
- false or misleading comparison of goods in the process of advertising.
- All of the above.
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Question 4 of 10

4. Question
1 points

Category: CAF4
Which of the following statement is incorrect in relation to Competition Act, 2010:
- An agreement fixing the purchase or selling price or imposing any other restrictive trading conditions with regard to the sale or distribution of any goods or the provision of any service is not prohibited unless CCP expressly directs otherwise.
- Agreement for limiting technical development or investment with regard to the production, distribution or sale of any goods or the provision of any service may not be void if the exemption is granted by CCP.
- c) Fraudulent use of another's trademark, firm name, or product labelling or packaging is deceptive marketing practice.
- Tie-ins, where the sale of goods or services is made conditional on the purchase of other goods or services might result in abuse of dominant position.
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Question 5 of 10

5. Question
1 points

Category: CAF4
Which of the following agreements are likely to be void agreements by undertakings or association of undertakings?
- Agreement for limiting technical development or investment with regard to the production, distribution or sale of any goods or the provision of any service.
- Agreement for collusive tendering or bidding for sale, purchase or procurement of any goods or service.
- Agreement for applying dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a disadvantage.
- All of the above.
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Question 6 of 10

6. Question
1 points

Category: CAF4
Reference to arbitration shall be, in absence of contrary intention expressed in arbitration agreement, to:
- Sole arbitrator
- One arbitrator from each side
- Even a number (2 or more) of arbitrators from each side.
- None of the above.
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Question 7 of 10

7. Question
1 points

Category: CAF4
In absence of contrary intention expressed in the arbitration agreement, the arbitrators shall make their award within:
- One month
- Two months
- Three months
- Four months
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Question 8 of 10

8. Question
1 points

Category: CAF4
In absence of contrary intention expressed in arbitration agreement, If the arbitrators have allowed their time to expire without making an award:
- The matter shall be taken to the Court.
- The parties shall appoint other persons as arbitrators.
- The umpire shall forthwith enter on the reference in lieu of the arbitrators.
- None of the above.
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Question 9 of 10

9. Question
1 points

Category: CAF4
In absence of contrary intention expressed in the arbitration agreement, the umpire shall make his award within:
- One month of entering on the reference
- Two months of entering on the reference
- Three months of entering on the reference
- Four months of entering on the reference
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Question 10 of 10

10. Question
1 points

Category: CAF4
In absence of contrary intention expressed in arbitration agreement, the arbitrators or umpire shall have power to:
- administer an oath to the parties and witnesses appearing.
- correct in an award any clerical mistake or error arising from any accidental slip or omission.
- make the award conditional or in the alternative.
- All of the above.
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