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

    Question

    What is ADR?

    A Adverse dispute resolution Correct Answer Incorrect Answer
    B Alternate Dispute Resolution Correct Answer Incorrect Answer
    C Alternate diverse reactions Correct Answer Incorrect Answer
    D Alternate disagreeing systems Correct Answer Incorrect Answer
    E Adverse disagreeing resolutions Correct Answer Incorrect Answer

    Solution

    Alternate Dispute Resolution refers to a variety of processes and techniques designed to help disagreeing parties come to an agreement short of litigation. These processes can be including faciliated settlement negotiation, in which disagreeing parties are encouraged to consult directly with each other prior to some other legal process, to arbitration, which can look like a standard trial. Most commonly used ADR systems are negotiation, mediation, arbitration etc.

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