2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To provide infrastructures
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To set up new organisations for the development of world countries
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To resolve the growing number of patent disputes
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To solve water disputes
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Detailed explanation-1: -International (Commercial) Arbitration is a method of dispute resolution whereby the parties agree to have their disputes resolved by one or more private individuals, i.e., the arbitrators rather than by a court of law.
Detailed explanation-2: -JIDRC operates the international arbitration and mediation hearing facilities in Tokyo and Osaka. These facilities may be used for hearings of institutional and ad hoc arbitration and mediation as well as various symposiums, seminars and other events related to arbitration and mediation.
Detailed explanation-3: -An international arbitration centre or IAC is where the corporate world goes to settle their squabbles. Or, in more formal terms, disputes arising out of commercial agreements in various sectors. Physically, an IAC offers conference facilities with ante-rooms for sub-sessions, communications services and the like.