n NISM Certifications
VII NISM Series VII
Medium

In arbitration, the arbitral award must be issued within ______ calendar days from appointment.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    15

  2. 30

    Correct answer

  3. C

    45

  4. D

    60

Why this is the answer

Arbitration under the Arbitration and Conciliation Act must conclude with an award within 30 calendar days. In some exchanges, award timeframes can extend up to 45 days in exceptional cases.

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