n NISM Certifications
VII NISM Series VII
Medium

It is the Stock Exchanges that prescribe the provisions in respect of Arbitration and the procedures therein.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Arbitration, a quasi-judicial alternate dispute resolution mechanism under the Arbitration and Conciliation Act, 1996, is governed by rules prescribed by the Stock Exchanges. It allows for quicker legal resolution of disputes.

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