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Test: Intellectual Property Rights Law In India - 1 - B Com MCQ


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10 Questions MCQ Test Industrial Laws - Test: Intellectual Property Rights Law In India - 1

Test: Intellectual Property Rights Law In India - 1 for B Com 2024 is part of Industrial Laws preparation. The Test: Intellectual Property Rights Law In India - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Intellectual Property Rights Law In India - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Intellectual Property Rights Law In India - 1 below.
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Test: Intellectual Property Rights Law In India - 1 - Question 1

Which of the following is an example of incorporeal property?

Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 1
An example of incorporeal property is a computer software program, as it is intangible and exists as a creation of intellect rather than a physical object.
Test: Intellectual Property Rights Law In India - 1 - Question 2

What is the purpose of the World Intellectual Property Organization (WIPO)?

Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 2
The World Intellectual Property Organization (WIPO) is responsible for promoting and protecting intellectual property rights globally. It aims to ensure that intellectual property is respected and recognized as a valuable asset in various fields.
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Test: Intellectual Property Rights Law In India - 1 - Question 3

What is the primary difference between corporeal property and incorporeal property?

Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 3
Corporeal property refers to physical and tangible possessions that can be perceived by touch, while incorporeal property is intangible and lacks a physical existence. In the context of intellectual property, tangible items like machines would fall under corporeal property, while intangible creations like patents and copyrights would fall under incorporeal property.
Test: Intellectual Property Rights Law In India - 1 - Question 4
Under the Patents Act, what is required for an invention to be considered patentable?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 4
For an invention to be considered patentable, it must meet three criteria: it must be novel (not published before), involve an inventive step (not obvious to a skilled person), and be industrially applicable (usable in industry).
Test: Intellectual Property Rights Law In India - 1 - Question 5
Which type of intellectual property right grants the exclusive right to make, use, and sell an invention for a limited period?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 5
Patent rights grant the exclusive right to make, use, and sell an invention for a limited period, usually 20 years from the filing date. This encourages innovation by providing inventors with a temporary monopoly on their inventions.
Test: Intellectual Property Rights Law In India - 1 - Question 6
What is the significance of the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 6
The TRIPS agreement establishes a framework for uniform intellectual property protection and enforcement among World Trade Organization (WTO) members. It sets standards for the protection of various forms of intellectual property, promoting fair trade practices.
Test: Intellectual Property Rights Law In India - 1 - Question 7
Which international organization is responsible for promoting and protecting intellectual property rights globally?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 7
The World Intellectual Property Organization (WIPO) is responsible for promoting and protecting intellectual property rights globally. It helps establish a balanced and effective international intellectual property system.
Test: Intellectual Property Rights Law In India - 1 - Question 8
What is the purpose of the Patent Cooperation Treaty (PCT)?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 8
The Patent Cooperation Treaty (PCT) aims to streamline the process of filing and searching for international patents. It allows applicants to file a single international patent application that can be used to seek patent protection in multiple countries.
Test: Intellectual Property Rights Law In India - 1 - Question 9
What was the main objective of the Doha Declaration regarding TRIPS agreement?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 9
The main objective of the Doha Declaration was to ensure access to affordable medicines for developing countries. It clarified the right of countries to issue compulsory licenses for essential medicines to address public health needs.
Test: Intellectual Property Rights Law In India - 1 - Question 10
What was the main purpose of the Patents (First Amendment) Act, 1999?
Detailed Solution for Test: Intellectual Property Rights Law In India - 1 - Question 10
The main purpose of the Patents (First Amendment) Act, 1999, was to introduce a product patent system in India, allowing patent protection for products (such as medicines) rather than just processes.
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