n NISM Certifications
VII NISM Series VII
Medium

Once arbitration proceedings are completed, the arbitrators give the ______.

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

Options

  1. A

    Judgement

  2. B

    Result

  3. C

    Sentence

  4. Award

    Correct answer

Why this is the answer

An arbitration award is a formal decision by the arbitration tribunal on the merits, similar to a court judgment.

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