| Consider the following statements regarding the alternative methods of dispute resolution. |
| 1. In dispute resolution, mediation is followed by conciliation which is then followed by arbitration. |
| 2. Awards given under arbitration are binding in nature. |
| 3. Mediation and conciliation can be either court driven or community driven. |
| Which of the statements] given above is/are correct? |
A) 1 and 2
B) Only 2
C) 2 and 3
D) Only 3
Correct Answer: C
Solution :
[c] The correct order in a dispute resolution is conciliation followed by mediation followed by arbitration. Awards given under arbitration are confidential and binding in nature. In arbitration, a mutually acceptable third party hears the arguments from the two sides and pronounces a judgement. Mechanisms of dispute resolution such as mediation and conciliation can be court driven or community driven. The emphasis is on bringing the two parties to a mutual understanding in an informal atmosphere.
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