New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which one is not an advantage of Arbitration?

    A Elimination of court intervention Correct Answer Incorrect Answer
    B Reduction in costs of dispute redressal and resolution Correct Answer Incorrect Answer
    C Expeditious and timely disposal Correct Answer Incorrect Answer
    D Enforcement of awards through neutrality of arbitrator Correct Answer Incorrect Answer

    Solution

    Advantages of Arbitration- a)Minimalization of court intervention, b) Reduction in costs of dispute redressal and resolution, c) Expeditious and timely disposal. d) Enforcement of awards through neutrality of arbitrator, e) Encouragement of foreign investment by recognising the country as that having a sound legal framework, f) Effective conduct of and maintaining sound foreign relations.

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