n NISM Certifications
VII NISM Series VII
Medium

When the arbitration claim is above ______, it is dealt with by a panel of three arbitrators.

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

Options

  1. A

    Rs 10 lakh

  2. B

    Rs 15 lakh

  3. Rs 30 lakh

    Correct answer

  4. D

    Rs 50 lakh

Why this is the answer

Claims up to Rs 30 lakh are decided by a sole arbitrator, while claims above Rs 30 lakh require a panel of three arbitrators.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series VII Mock Test 2