IICA inaugurates it's Second Batch of Flagship Arbitration Program
IICA inaugurates it's Second Batch of Flagship Arbitration Program. (See the linked source for details.)
Quick Revision
Prelims-testable facts
- 01The Indian Institute of Corporate Affairs (IICA) has inaugurated its Second Batch of Flagship Arbitration Program.
- 02IICA is an autonomous organization under the Ministry of Corporate Affairs, Government of India.
- 03The Flagship Arbitration Program aims to develop expertise in arbitration and dispute resolution.
- 04The program is designed to provide training and capacity-building for professionals in arbitration and dispute resolution.
- 05No specific details are provided about the duration or location of the program.
- 06IICA has been promoting corporate governance and ethics through various initiatives and programs.
- 07The flagship arbitration program is a part of IICA's efforts to promote alternative dispute resolution mechanisms.
Trap alerts
- Most people think that IICA is a private institution, but actually it is an autonomous organization under the Ministry of Corporate Affairs, Government of India.
- Most people think that the Flagship Arbitration Program is a new initiative, but actually it is the second batch of the program.
- No trap alert available for this topic.
Mains Practice Question
Critically examine the significance of flagship programs like IICA's Arbitration Program in promoting dispute resolution and good governance in India.
250 words
Practice this in the exam hall →Prelims Practice MCQs
IICA inaugurated its Second Batch of Flagship Arbitration Program. What is the name of this program?
- A.Arbitration and Mediation Programme
- B.Dispute Resolution Initiative
- C.National Litigation Policy
- D.Commercial Courts Reform
IICA's Arbitration Program is a flagship initiative aimed at promoting alternative dispute resolution mechanisms in India.
What institution inaugurated its Second Batch of Flagship Arbitration Program?
- A.Indian Institute of Corporate Affairs
- B.National Law University
- C.Ministry of Corporate Affairs
- D.Institute of Chartered Accountants
IICA is an autonomous institution under the Ministry of Corporate Affairs, responsible for promoting corporate governance and regulatory reforms.
How many batches of the Flagship Arbitration Program has IICA inaugurated so far?
- A.First batch
- B.Second batch
- C.Third batch
- D.Fourth batch
IICA has inaugurated its Second Batch of Flagship Arbitration Program, indicating the institution's commitment to promoting alternative dispute resolution mechanisms.
Consider the following statements regarding IICA's Flagship Arbitration Program: 1. The program is a flagship initiative of IICA. 2. The second batch of the program was inaugurated in 2022. 3. The program has been running for over five years. How many of the above statements are correct?
- A.Only one
- B.Only two
- C.All three
- D.None
Statement 1 is correct because the text mentions that it's a flagship initiative. Statement 2 is incorrect because there is no date mentioned in the text to support this claim. Statement 3 is incorrect because the text only mentions that it's the second batch of the program, which implies that the program has been running for less than two years.