Commercial Courts Act MCQ Quiz - Objective Question with Answer for Commercial Courts Act - Download Free PDF
Last updated on Mar 12, 2025
Latest Commercial Courts Act MCQ Objective Questions
Commercial Courts Act Question 1:
Which of the following sections of the Commercial Court Act defines 'document'?
Answer (Detailed Solution Below)
Commercial Courts Act Question 1 Detailed Solution
The correct answer is Section 2(1)(f)
Key Points
- Section 2(1)(f) of the Commercial Court Act defines 'document'.
- It says, “document” means any matter expressed or described upon any substance by means of letters, figures or marks, or electronic means, or by more than one of those means, intended to be used, or which may be used, for the purpose of recording that matter.
Commercial Courts Act Question 2:
As per Section 18 of the Commercial Courts Act, the High Court has the power to issue practice directions to supplement which of the following?
Answer (Detailed Solution Below)
Commercial Courts Act Question 2 Detailed Solution
The correct answer is Chapter II of the Commercial Courts Act and the Code of Civil Procedure, 1908
Key Points
- Section 18 empowers the High Court to issue practice directions by notification to supplement the provisions of Chapter II of the Commercial Courts Act or the Code of Civil Procedure, 1908, insofar as such provisions apply to the hearing of commercial disputes of a Specified Value.
- This allows the High Court to ensure smoother procedural implementation and uniformity in dealing with commercial matters.
Commercial Courts Act Question 3:
Under Section 20 of the Commercial Courts Act, who is responsible for establishing training facilities for Judges of Commercial Courts and related divisions?
Answer (Detailed Solution Below)
Commercial Courts Act Question 3 Detailed Solution
The correct answer is The State Government in consultation with the High Court
Key Points
- Section 20 of the Commercial Courts Act provides that the State Government, in consultation with the High Court, may establish the necessary facilities for the training and continuous education of Judges who may be appointed to the Commercial Courts, Commercial Appellate Courts, Commercial Division, or Commercial Appellate Division in a High Court.
- This ensures that judges handling commercial disputes are well-versed with commercial laws and procedures.
Commercial Courts Act Question 4:
Under Section 22 of the Commercial Contract Act, what power does the Central Government have if any difficulty arises in giving effect to the provisions of the Act?
Answer (Detailed Solution Below)
Commercial Courts Act Question 4 Detailed Solution
The correct answer is The Central Government may make provisions, by order, not inconsistent with the Act, to remove the difficulty
Key Points
- Section 22 of the Commercial Contract Act empowers the Central Government to issue orders for removing any difficulties that may arise in implementing the provisions of the Act.
- These orders must be consistent with the Act and must be published in the Official Gazette. However, this power is time-bound and can only be exercised within two years from the commencement of the Act.
- Furthermore, every such order must be laid before both Houses of Parliament as soon as possible after it is made.
Commercial Courts Act Question 5:
When did the Commercial Courts Act, 2015 come into force?
Answer (Detailed Solution Below)
Commercial Courts Act Question 5 Detailed Solution
The correct answer is 23rd October 2015
Key Points
- The Commercial Courts Act extends to the whole of India, not just selected regions.
- The Act is deemed to have come into force on October 23, 2015.
- "Deemed to have come into force" means it applies retrospectively from the specified date.
Top Commercial Courts Act MCQ Objective Questions
Commercial Courts Act Question 6:
In which case the Hon’ble SC held that proviso added to the Code of Civil Procedure by Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015, is mandatory and no written statement can be taken on record in commercial suits, if it is not filed within 120 days from the date of service of summons of the Suit?
Answer (Detailed Solution Below)
Commercial Courts Act Question 6 Detailed Solution
The correct answer is option 3
Key Points The bench comprising Justice Rohinton Fali Nariman and Justice Vineet Saran was considering Special Leave Petitions (SCG Contracts India Pvt. Ltd vs. K.S. Chamankar Infrastructure Pvt. Ltd) against Delhi High Court orders allowing a written statement filed by the defendants even though 120 days had elapsed from the date of service of summons of this Suit.
Commercial Courts Act Question 7:
According to Section 14 of the Commercial Courts Act, 2015, within what time frame should the Commercial Appellate Court ideally dispose of appeals?
Answer (Detailed Solution Below)
Commercial Courts Act Question 7 Detailed Solution
The correct answer is option 1.
Key Points
Explanation:
Section 14 states that the Commercial Appellate Court should aim to dispose of appeals within six months of filing.
Commercial Courts Act Question 8:
How is the Specified Value determined for disputes involving movable property under the Commercial Courts Act, 2015?
Answer (Detailed Solution Below)
Commercial Courts Act Question 8 Detailed Solution
The correct answer is option 2.
Key Points
Explanation:
Section 12(b) clearly states that for disputes related to movable property, the market value of the property on the filing date is considered for determining the Specified Value.
Commercial Courts Act Question 9:
What is the maximum duration for pre-institution mediation as per Section 12A of the Commercial Courts Act, 2015?
Answer (Detailed Solution Below)
Commercial Courts Act Question 9 Detailed Solution
The correct answer is option 1.
Key Points
Explanation:
Section 12A(3) sets a three-month period for mediation, which can be extended by another two months with the parties' consent.
Commercial Courts Act Question 10:
What is the minimum specified value for a dispute to be considered under the Commercial Courts Act, 2015?
Answer (Detailed Solution Below)
Commercial Courts Act Question 10 Detailed Solution
Commercial Courts Act Question 11:
In the context of the Commercial Courts Act, 2015, how is the Specified Value of intangible rights determined?
Answer (Detailed Solution Below)
Commercial Courts Act Question 11 Detailed Solution
Commercial Courts Act Question 12:
The Commercial Courts Act, 2015 came into force on-
Answer (Detailed Solution Below)
Commercial Courts Act Question 12 Detailed Solution
Commercial Courts Act Question 13:
In a case which does not contemplate an urgent interim relief under the Commercial Courts Act, the pre-institution Mediation and Settlement is:
Answer (Detailed Solution Below)
Commercial Courts Act Question 13 Detailed Solution
Commercial Courts Act Question 14:
Any person aggrieved by the judgment or order of a Commercial Court below the level of a District Judge may appeal to the Commercial Appellate Court within a period of:
Answer (Detailed Solution Below)
Commercial Courts Act Question 14 Detailed Solution
The correct answer is option 4.
Key Points
Explanation:
Section 13 of the Commercial Courts Act, 2015 is a provision that lays down the right to appeal against orders passed in matters governed by the Act1. It states that any person aggrieved by the decision of the Commercial Court or Commercial Division of a High Court may appeal to the Commercial Appellate Division of that High Court within a period of sixty days.
Commercial Courts Act Question 15:
Which of the following sections of the Commercial Court Act defines 'document'?
Answer (Detailed Solution Below)
Commercial Courts Act Question 15 Detailed Solution
The correct answer is Section 2(1)(f)
Key Points
- Section 2(1)(f) of the Commercial Court Act defines 'document'.
- It says, “document” means any matter expressed or described upon any substance by means of letters, figures or marks, or electronic means, or by more than one of those means, intended to be used, or which may be used, for the purpose of recording that matter.