n NISM Certifications
VII NISM Series VII
Medium

The arbitration reference is closed after ________.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Examination of documents submitted by parties

  2. B

    Examination of all relevant documents

  3. Both A and B

    Correct answer

Why this is the answer

Arbitration is concluded after hearing both parties and reviewing all relevant documents. Only then do arbitrators close the arbitration reference and issue an award.

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