n NISM Certifications
VII NISM Series VII
Medium

Which statements regarding arbitration fees are correct? (A) Fees are payable by both the initiator and respondent. (B) Fees are based on the value of claim and time of initiation. (C) Slabs apply to service-related disputes as well.

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

Options

  1. A

    Only A and B

  2. Only B and C

    Correct answer

  3. C

    Only A and C

  4. D

    All A, B and C

Why this is the answer

Arbitration fees depend on claim value and initiation time, and the same slabs apply for service-related disputes. Fees are borne by the initiator only.

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