Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

International Context

Question:
Which of the following international body has provided a framework for domestic laws on international arbitration?
Options:
the United Nations Commission for International Trade Law (UNCITRAL)
the International Centre on the Settlement of Investment Disputes (ICSID)
the International Centre on the Settlement of Investment Disputes (ICSID)
The General Agreement on Tariffs and Trade (GATT)
Correct Answer:
the United Nations Commission for International Trade Law (UNCITRAL)
Explanation:
The UNCITRAL Model Law has provided a framework for domestic laws on international arbitration and is being adopted by an increasing number of countries, with India joining the list in 1996