n NISM Certifications
VII NISM Series VII
Medium

An arbitration award passed after hearing both parties is called a _______ award.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Speaking

    Correct answer

  2. B

    Ex-parte

  3. C

    General

  4. D

    Special

Why this is the answer

A Speaking Award is issued after hearing both parties and reviewing all documents. Ex-parte awards are issued based on one party’s submission only.

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