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Which statement best explains Arbitration?

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Question ID #26639 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 2 Medium

Which statement best explains Arbitration?

Correct Answer: B. Dispute resolution in which parties submit the dispute to an arbitrator for a decision
Arbitration: Dispute resolution in which parties submit the dispute to an arbitrator for a decision

Question: Which statement best explains Arbitration?

A. Permanent closing down of a place of employment or part thereof

B. Dispute resolution in which parties submit the dispute to an arbitrator for a decision

C. Concerted stoppage or refusal to work by workers as an industrial action

D. Organization of workers formed to protect and advance employment-related interests

Correct Answer: B. Dispute resolution in which parties submit the dispute to an arbitrator for a decisionArbitration: Dispute resolution in which parties submit the dispute to an arbitrator for a decision

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Which statement best explains Arbitration? - MCQ Explanation

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Correct answer: B. Dispute resolution in which parties submit the dispute to an arbitrator for a decision