RBI Grade B Phase 1 - Question Paper with Answer Key (2024) | RBI Grade B Mock Test Series & Past Year Papers 2025 - Bank Exams PDF Download

 Page 1


                       
 
 
 
RBI Grade B Memory Based Paper 2024 
 
Directions (1-9): Read the following passage to answer the given question. 
The ongoing intellectual property (IP) dispute between the United States and Myanmar has drawn 
attention, particularly concerning trademark laws and patent rights. Myanmar’s decision to step back from 
international IP agreements and build its own patent system has raised concerns in the U.S., which stresses 
the importance of aligning with global standards for intellectual property protection. 
The U.S. has voiced its apprehension over Myanmar’s withdrawal from established IP frameworks, 
particularly those that support trademarks and patents. Intellectual property rights play a crucial role in 
global trade and innovation. Adhering to international IP agreements is essential for countries involved in 
global commerce, as it ensures the protection of businesses and inventors. The U.S. maintains that 
Myanmar’s move could disrupt trade relations, complicate the protection of American business interests, 
and create a less favorable environment for foreign investment. 
Myanmar’s decision to create its own patent system, rather than adhering fully to global agreements like 
the World Intellectual Property Organization (WIPO), is a key point of contention. While national patent 
systems are common, the U.S. is concerned that Myanmar’s system might not meet international standards. 
This inconsistency could create barriers for U.S. businesses seeking to protect their IP in Myanmar, leading 
to higher costs and potential legal disputes. Furthermore, a weak IP system in Myanmar could encourage 
counterfeiting and undermine the protections that American companies rely on globally. 
A significant legal framework relevant to this dispute is Section 103 of The Trade Marks Act, 1999, which 
governs trademark protection in many countries adhering to international standards. Section 103 
addresses trademark infringement, registration, and penalties for violations. It offers legal remedies like 
injunctions, damages, and the seizure of infringing goods, thus safeguarding the rights of trademark 
owners. The U.S. is concerned that Myanmar’s actions may dilute protections provided under frameworks 
like Section 103, affecting the ability of U.S. companies to safeguard their trademarks in the country. 
American businesses depend on legal protections such as those outlined in Section 103 to ensure their IP 
is respected abroad. If Myanmar’s patent system fails to offer the same level of protection, U.S. companies 
could face challenges, including legal battles and financial losses. Moreover, insufficient IP protection may 
lead to an increase in counterfeit goods, harming both businesses and consumers. 
The U.S. also emphasizes that Myanmar’s participation in global IP agreements is critical to its economic 
development. _____________________________. By stepping away from international agreements and establishing 
its own patent framework, Myanmar risks losing investor confidence and limiting its economic growth. 
In conclusion, the ongoing intellectual property dispute between the United States and Myanmar highlights 
the complexities of international trade and the importance of intellectual property protections in fostering 
economic growth and innovation. The concerns raised by the U.S. regarding Myanmar's decision to 
establish its own patent system and the potential implications for trademark protection under frameworks 
like Section 103 of The Trade Marks Act, 1999, underscore the need for collaboration and alignment with 
global IP standards. 
Page 2


                       
 
 
 
RBI Grade B Memory Based Paper 2024 
 
Directions (1-9): Read the following passage to answer the given question. 
The ongoing intellectual property (IP) dispute between the United States and Myanmar has drawn 
attention, particularly concerning trademark laws and patent rights. Myanmar’s decision to step back from 
international IP agreements and build its own patent system has raised concerns in the U.S., which stresses 
the importance of aligning with global standards for intellectual property protection. 
The U.S. has voiced its apprehension over Myanmar’s withdrawal from established IP frameworks, 
particularly those that support trademarks and patents. Intellectual property rights play a crucial role in 
global trade and innovation. Adhering to international IP agreements is essential for countries involved in 
global commerce, as it ensures the protection of businesses and inventors. The U.S. maintains that 
Myanmar’s move could disrupt trade relations, complicate the protection of American business interests, 
and create a less favorable environment for foreign investment. 
Myanmar’s decision to create its own patent system, rather than adhering fully to global agreements like 
the World Intellectual Property Organization (WIPO), is a key point of contention. While national patent 
systems are common, the U.S. is concerned that Myanmar’s system might not meet international standards. 
This inconsistency could create barriers for U.S. businesses seeking to protect their IP in Myanmar, leading 
to higher costs and potential legal disputes. Furthermore, a weak IP system in Myanmar could encourage 
counterfeiting and undermine the protections that American companies rely on globally. 
A significant legal framework relevant to this dispute is Section 103 of The Trade Marks Act, 1999, which 
governs trademark protection in many countries adhering to international standards. Section 103 
addresses trademark infringement, registration, and penalties for violations. It offers legal remedies like 
injunctions, damages, and the seizure of infringing goods, thus safeguarding the rights of trademark 
owners. The U.S. is concerned that Myanmar’s actions may dilute protections provided under frameworks 
like Section 103, affecting the ability of U.S. companies to safeguard their trademarks in the country. 
American businesses depend on legal protections such as those outlined in Section 103 to ensure their IP 
is respected abroad. If Myanmar’s patent system fails to offer the same level of protection, U.S. companies 
could face challenges, including legal battles and financial losses. Moreover, insufficient IP protection may 
lead to an increase in counterfeit goods, harming both businesses and consumers. 
The U.S. also emphasizes that Myanmar’s participation in global IP agreements is critical to its economic 
development. _____________________________. By stepping away from international agreements and establishing 
its own patent framework, Myanmar risks losing investor confidence and limiting its economic growth. 
In conclusion, the ongoing intellectual property dispute between the United States and Myanmar highlights 
the complexities of international trade and the importance of intellectual property protections in fostering 
economic growth and innovation. The concerns raised by the U.S. regarding Myanmar's decision to 
establish its own patent system and the potential implications for trademark protection under frameworks 
like Section 103 of The Trade Marks Act, 1999, underscore the need for collaboration and alignment with 
global IP standards. 
                       
 
 
Q1. What is the primary concern of the United States regarding Myanmar's decision to create its own patent 
system? 
(a) The U.S. is concerned that Myanmar’s patent system will result in increased taxes for American 
companies, making it harder for them to conduct business in the country. 
(b) The U.S. believes that it may lead to higher operational costs for U.S. businesses, as they will need to 
comply with different and potentially less reliable IP protection standards. 
(c) The U.S. government fears that it will make it easier for U.S. companies to register their intellectual 
property without facing international scrutiny, which may reduce transparency. 
(d) Myanmar’s decision could increase the likelihood of innovative goods in the market, harming American 
businesses and consumers globally. 
(e) The U.S. is concerned that Myanmar’s new patent system could limit foreign investments, as it may not 
offer the same legal protections provided by international IP agreements. 
 
Q2. How does the United States view the role of international intellectual property (IP) agreements 
in global trade? 
(a) The U.S. sees international IP agreements as useful but believes that countries like Myanmar should 
have the freedom to adapt them to their national interests without significant consequences for global 
trade. 
(b) The U.S. views international IP agreements as a barrier to innovation, which reduces the ability of 
countries to create independent IP systems. 
(c) The U.S. believes that they are essential for ensuring the protection of businesses and inventors involved 
in global commerce, thereby safeguarding trade relations and foreign investments. 
(d) The U.S. argues that international IP agreements are primarily designed to protect developing nations' 
intellectual property. 
(e) The U.S. maintains that international IP agreements are important, and they should be applied when 
the majority of trading partners agree to adopt them simultaneously to avoid competitive disadvantages. 
 
Q3. Why does the U.S. highlight Section 103 of The Trade Marks Act, 1999, in the context of the 
dispute with Myanmar? 
(a) The U.S. wants to promote Section 103 globally to ensure that all countries follow the same standards 
for trademark and patent protection. 
(b) The U.S. believes that Section 103 offers superior protection for U.S. businesses and should be adopted 
by Myanmar as part of its national patent system to avoid legal conflicts. 
(c) The U.S. emphasizes Section 103 because it provides legal remedies such as injunctions, damages, and 
the seizure of infringing goods, which could help American businesses to perpetuate in the longer run. 
(d) The U.S. is concerned that Myanmar’s actions may dilute protections provided by frameworks like 
Section 103, making it harder for U.S. companies to safeguard their trademarks in the country. 
(e) The U.S. is concerned that Section 103 gives too much power to foreign businesses, undermining the 
competitiveness of American companies in countries like Myanmar. 
Page 3


                       
 
 
 
RBI Grade B Memory Based Paper 2024 
 
Directions (1-9): Read the following passage to answer the given question. 
The ongoing intellectual property (IP) dispute between the United States and Myanmar has drawn 
attention, particularly concerning trademark laws and patent rights. Myanmar’s decision to step back from 
international IP agreements and build its own patent system has raised concerns in the U.S., which stresses 
the importance of aligning with global standards for intellectual property protection. 
The U.S. has voiced its apprehension over Myanmar’s withdrawal from established IP frameworks, 
particularly those that support trademarks and patents. Intellectual property rights play a crucial role in 
global trade and innovation. Adhering to international IP agreements is essential for countries involved in 
global commerce, as it ensures the protection of businesses and inventors. The U.S. maintains that 
Myanmar’s move could disrupt trade relations, complicate the protection of American business interests, 
and create a less favorable environment for foreign investment. 
Myanmar’s decision to create its own patent system, rather than adhering fully to global agreements like 
the World Intellectual Property Organization (WIPO), is a key point of contention. While national patent 
systems are common, the U.S. is concerned that Myanmar’s system might not meet international standards. 
This inconsistency could create barriers for U.S. businesses seeking to protect their IP in Myanmar, leading 
to higher costs and potential legal disputes. Furthermore, a weak IP system in Myanmar could encourage 
counterfeiting and undermine the protections that American companies rely on globally. 
A significant legal framework relevant to this dispute is Section 103 of The Trade Marks Act, 1999, which 
governs trademark protection in many countries adhering to international standards. Section 103 
addresses trademark infringement, registration, and penalties for violations. It offers legal remedies like 
injunctions, damages, and the seizure of infringing goods, thus safeguarding the rights of trademark 
owners. The U.S. is concerned that Myanmar’s actions may dilute protections provided under frameworks 
like Section 103, affecting the ability of U.S. companies to safeguard their trademarks in the country. 
American businesses depend on legal protections such as those outlined in Section 103 to ensure their IP 
is respected abroad. If Myanmar’s patent system fails to offer the same level of protection, U.S. companies 
could face challenges, including legal battles and financial losses. Moreover, insufficient IP protection may 
lead to an increase in counterfeit goods, harming both businesses and consumers. 
The U.S. also emphasizes that Myanmar’s participation in global IP agreements is critical to its economic 
development. _____________________________. By stepping away from international agreements and establishing 
its own patent framework, Myanmar risks losing investor confidence and limiting its economic growth. 
In conclusion, the ongoing intellectual property dispute between the United States and Myanmar highlights 
the complexities of international trade and the importance of intellectual property protections in fostering 
economic growth and innovation. The concerns raised by the U.S. regarding Myanmar's decision to 
establish its own patent system and the potential implications for trademark protection under frameworks 
like Section 103 of The Trade Marks Act, 1999, underscore the need for collaboration and alignment with 
global IP standards. 
                       
 
 
Q1. What is the primary concern of the United States regarding Myanmar's decision to create its own patent 
system? 
(a) The U.S. is concerned that Myanmar’s patent system will result in increased taxes for American 
companies, making it harder for them to conduct business in the country. 
(b) The U.S. believes that it may lead to higher operational costs for U.S. businesses, as they will need to 
comply with different and potentially less reliable IP protection standards. 
(c) The U.S. government fears that it will make it easier for U.S. companies to register their intellectual 
property without facing international scrutiny, which may reduce transparency. 
(d) Myanmar’s decision could increase the likelihood of innovative goods in the market, harming American 
businesses and consumers globally. 
(e) The U.S. is concerned that Myanmar’s new patent system could limit foreign investments, as it may not 
offer the same legal protections provided by international IP agreements. 
 
Q2. How does the United States view the role of international intellectual property (IP) agreements 
in global trade? 
(a) The U.S. sees international IP agreements as useful but believes that countries like Myanmar should 
have the freedom to adapt them to their national interests without significant consequences for global 
trade. 
(b) The U.S. views international IP agreements as a barrier to innovation, which reduces the ability of 
countries to create independent IP systems. 
(c) The U.S. believes that they are essential for ensuring the protection of businesses and inventors involved 
in global commerce, thereby safeguarding trade relations and foreign investments. 
(d) The U.S. argues that international IP agreements are primarily designed to protect developing nations' 
intellectual property. 
(e) The U.S. maintains that international IP agreements are important, and they should be applied when 
the majority of trading partners agree to adopt them simultaneously to avoid competitive disadvantages. 
 
Q3. Why does the U.S. highlight Section 103 of The Trade Marks Act, 1999, in the context of the 
dispute with Myanmar? 
(a) The U.S. wants to promote Section 103 globally to ensure that all countries follow the same standards 
for trademark and patent protection. 
(b) The U.S. believes that Section 103 offers superior protection for U.S. businesses and should be adopted 
by Myanmar as part of its national patent system to avoid legal conflicts. 
(c) The U.S. emphasizes Section 103 because it provides legal remedies such as injunctions, damages, and 
the seizure of infringing goods, which could help American businesses to perpetuate in the longer run. 
(d) The U.S. is concerned that Myanmar’s actions may dilute protections provided by frameworks like 
Section 103, making it harder for U.S. companies to safeguard their trademarks in the country. 
(e) The U.S. is concerned that Section 103 gives too much power to foreign businesses, undermining the 
competitiveness of American companies in countries like Myanmar. 
                       
 
Q4. What is one potential risk highlighted in the passage if Myanmar’s intellectual property 
protection system does not meet international standards? 
(a) U.S. businesses may benefit from reduced competition in Myanmar’s market due to less stringent IP 
regulations, allowing them to operate with fewer legal restrictions and challenges from local competitors. 
(b) Insufficient protection under Myanmar’s IP system could result in an influx of counterfeit goods, 
negatively affecting not only U.S. businesses through financial losses but also harming consumers by 
reducing the quality and reliability of available products. 
(c) The lack of alignment with global IP standards may give U.S. companies an opportunity to evade 
international scrutiny, allowing them to operate with more flexibility in protecting their intellectual 
property. 
(d) Myanmar’s patent system could encourage greater investment in the country by lowering the costs 
associated with intellectual property registration and litigation, making it easier for U.S. businesses to enter 
the market. 
(e) A weaker IP system in Myanmar could allow U.S. businesses to dominate the market, as fewer foreign 
companies will be interested in investing in a country with unreliable intellectual property protection laws. 
 
Q5. What are the possible aftermaths of Myanmar's withdrawal from established IP frameworks, as 
mentioned in the passage? 
(I) U.S. businesses may encounter legal challenges and financial setbacks due to insufficient intellectual 
property protection. 
(II) The prevalence of counterfeit products could rise, negatively impacting both businesses and 
consumers. 
(III) Myanmar's withdrawal might lead to improved trade relations with the U.S. by fostering a more 
independent national IP system. 
(a) Only (I) 
(b) Only (II) 
(c) Both (I) and (II) 
(d) Both (I) and (III) 
(e) All (I), (II), and (III) 
 
Q6. Which of the following sentence should be used to fill the given blank? 
(a) A strong IP system attracts foreign investment by securing innovations. 
(b) Myanmar’s independent IP system will promote greater innovation within the country. 
(c) Investor confidence is rarely influenced by intellectual property protections. 
(d) Foreign companies are more likely to invest in countries with weak IP protections. 
(e) Participation in international agreements ensures Myanmar's IP system aligns with global standards. 
 
Q7. According to the passage, how might a weak intellectual property system in Myanmar affect U.S. 
companies?  
(a) U.S. companies may need to collaborate with Myanmar’s government to co-develop stronger IP 
protections. 
(b) U.S. companies may benefit from reduced legal regulations, making it easier to operate in Myanmar. 
(c) U.S. businesses may face difficulties from a surge in counterfeit products, leading to monetary losses 
and a decline in brand credibility. 
(d) U.S. companies may enjoy greater freedom in Myanmar due to weaker IP enforcement, allowing them 
to bypass international restrictions. 
(e) U.S. companies may face stricter legal penalties for failing to comply with Myanmar’s new IP system. 
 
Page 4


                       
 
 
 
RBI Grade B Memory Based Paper 2024 
 
Directions (1-9): Read the following passage to answer the given question. 
The ongoing intellectual property (IP) dispute between the United States and Myanmar has drawn 
attention, particularly concerning trademark laws and patent rights. Myanmar’s decision to step back from 
international IP agreements and build its own patent system has raised concerns in the U.S., which stresses 
the importance of aligning with global standards for intellectual property protection. 
The U.S. has voiced its apprehension over Myanmar’s withdrawal from established IP frameworks, 
particularly those that support trademarks and patents. Intellectual property rights play a crucial role in 
global trade and innovation. Adhering to international IP agreements is essential for countries involved in 
global commerce, as it ensures the protection of businesses and inventors. The U.S. maintains that 
Myanmar’s move could disrupt trade relations, complicate the protection of American business interests, 
and create a less favorable environment for foreign investment. 
Myanmar’s decision to create its own patent system, rather than adhering fully to global agreements like 
the World Intellectual Property Organization (WIPO), is a key point of contention. While national patent 
systems are common, the U.S. is concerned that Myanmar’s system might not meet international standards. 
This inconsistency could create barriers for U.S. businesses seeking to protect their IP in Myanmar, leading 
to higher costs and potential legal disputes. Furthermore, a weak IP system in Myanmar could encourage 
counterfeiting and undermine the protections that American companies rely on globally. 
A significant legal framework relevant to this dispute is Section 103 of The Trade Marks Act, 1999, which 
governs trademark protection in many countries adhering to international standards. Section 103 
addresses trademark infringement, registration, and penalties for violations. It offers legal remedies like 
injunctions, damages, and the seizure of infringing goods, thus safeguarding the rights of trademark 
owners. The U.S. is concerned that Myanmar’s actions may dilute protections provided under frameworks 
like Section 103, affecting the ability of U.S. companies to safeguard their trademarks in the country. 
American businesses depend on legal protections such as those outlined in Section 103 to ensure their IP 
is respected abroad. If Myanmar’s patent system fails to offer the same level of protection, U.S. companies 
could face challenges, including legal battles and financial losses. Moreover, insufficient IP protection may 
lead to an increase in counterfeit goods, harming both businesses and consumers. 
The U.S. also emphasizes that Myanmar’s participation in global IP agreements is critical to its economic 
development. _____________________________. By stepping away from international agreements and establishing 
its own patent framework, Myanmar risks losing investor confidence and limiting its economic growth. 
In conclusion, the ongoing intellectual property dispute between the United States and Myanmar highlights 
the complexities of international trade and the importance of intellectual property protections in fostering 
economic growth and innovation. The concerns raised by the U.S. regarding Myanmar's decision to 
establish its own patent system and the potential implications for trademark protection under frameworks 
like Section 103 of The Trade Marks Act, 1999, underscore the need for collaboration and alignment with 
global IP standards. 
                       
 
 
Q1. What is the primary concern of the United States regarding Myanmar's decision to create its own patent 
system? 
(a) The U.S. is concerned that Myanmar’s patent system will result in increased taxes for American 
companies, making it harder for them to conduct business in the country. 
(b) The U.S. believes that it may lead to higher operational costs for U.S. businesses, as they will need to 
comply with different and potentially less reliable IP protection standards. 
(c) The U.S. government fears that it will make it easier for U.S. companies to register their intellectual 
property without facing international scrutiny, which may reduce transparency. 
(d) Myanmar’s decision could increase the likelihood of innovative goods in the market, harming American 
businesses and consumers globally. 
(e) The U.S. is concerned that Myanmar’s new patent system could limit foreign investments, as it may not 
offer the same legal protections provided by international IP agreements. 
 
Q2. How does the United States view the role of international intellectual property (IP) agreements 
in global trade? 
(a) The U.S. sees international IP agreements as useful but believes that countries like Myanmar should 
have the freedom to adapt them to their national interests without significant consequences for global 
trade. 
(b) The U.S. views international IP agreements as a barrier to innovation, which reduces the ability of 
countries to create independent IP systems. 
(c) The U.S. believes that they are essential for ensuring the protection of businesses and inventors involved 
in global commerce, thereby safeguarding trade relations and foreign investments. 
(d) The U.S. argues that international IP agreements are primarily designed to protect developing nations' 
intellectual property. 
(e) The U.S. maintains that international IP agreements are important, and they should be applied when 
the majority of trading partners agree to adopt them simultaneously to avoid competitive disadvantages. 
 
Q3. Why does the U.S. highlight Section 103 of The Trade Marks Act, 1999, in the context of the 
dispute with Myanmar? 
(a) The U.S. wants to promote Section 103 globally to ensure that all countries follow the same standards 
for trademark and patent protection. 
(b) The U.S. believes that Section 103 offers superior protection for U.S. businesses and should be adopted 
by Myanmar as part of its national patent system to avoid legal conflicts. 
(c) The U.S. emphasizes Section 103 because it provides legal remedies such as injunctions, damages, and 
the seizure of infringing goods, which could help American businesses to perpetuate in the longer run. 
(d) The U.S. is concerned that Myanmar’s actions may dilute protections provided by frameworks like 
Section 103, making it harder for U.S. companies to safeguard their trademarks in the country. 
(e) The U.S. is concerned that Section 103 gives too much power to foreign businesses, undermining the 
competitiveness of American companies in countries like Myanmar. 
                       
 
Q4. What is one potential risk highlighted in the passage if Myanmar’s intellectual property 
protection system does not meet international standards? 
(a) U.S. businesses may benefit from reduced competition in Myanmar’s market due to less stringent IP 
regulations, allowing them to operate with fewer legal restrictions and challenges from local competitors. 
(b) Insufficient protection under Myanmar’s IP system could result in an influx of counterfeit goods, 
negatively affecting not only U.S. businesses through financial losses but also harming consumers by 
reducing the quality and reliability of available products. 
(c) The lack of alignment with global IP standards may give U.S. companies an opportunity to evade 
international scrutiny, allowing them to operate with more flexibility in protecting their intellectual 
property. 
(d) Myanmar’s patent system could encourage greater investment in the country by lowering the costs 
associated with intellectual property registration and litigation, making it easier for U.S. businesses to enter 
the market. 
(e) A weaker IP system in Myanmar could allow U.S. businesses to dominate the market, as fewer foreign 
companies will be interested in investing in a country with unreliable intellectual property protection laws. 
 
Q5. What are the possible aftermaths of Myanmar's withdrawal from established IP frameworks, as 
mentioned in the passage? 
(I) U.S. businesses may encounter legal challenges and financial setbacks due to insufficient intellectual 
property protection. 
(II) The prevalence of counterfeit products could rise, negatively impacting both businesses and 
consumers. 
(III) Myanmar's withdrawal might lead to improved trade relations with the U.S. by fostering a more 
independent national IP system. 
(a) Only (I) 
(b) Only (II) 
(c) Both (I) and (II) 
(d) Both (I) and (III) 
(e) All (I), (II), and (III) 
 
Q6. Which of the following sentence should be used to fill the given blank? 
(a) A strong IP system attracts foreign investment by securing innovations. 
(b) Myanmar’s independent IP system will promote greater innovation within the country. 
(c) Investor confidence is rarely influenced by intellectual property protections. 
(d) Foreign companies are more likely to invest in countries with weak IP protections. 
(e) Participation in international agreements ensures Myanmar's IP system aligns with global standards. 
 
Q7. According to the passage, how might a weak intellectual property system in Myanmar affect U.S. 
companies?  
(a) U.S. companies may need to collaborate with Myanmar’s government to co-develop stronger IP 
protections. 
(b) U.S. companies may benefit from reduced legal regulations, making it easier to operate in Myanmar. 
(c) U.S. businesses may face difficulties from a surge in counterfeit products, leading to monetary losses 
and a decline in brand credibility. 
(d) U.S. companies may enjoy greater freedom in Myanmar due to weaker IP enforcement, allowing them 
to bypass international restrictions. 
(e) U.S. companies may face stricter legal penalties for failing to comply with Myanmar’s new IP system. 
 
                       
 
Q8. Which of the following conclusions can be logically inferred from the above statements? 
(a) Myanmar’s independent patent system will prevent foreign companies from facing legal challenges. 
(b) Establishing a unique patent system may lead to more complex legal disputes for foreign businesses. 
(c) Countries with strong IP protection experience higher levels of IP violations. 
(d) A strong IP protection system has no impact on a country’s economic losses from intellectual property 
violations. 
(e) Foreign businesses will prefer to invest in countries with weaker IP protection systems. 
 
Q9. Based on the information provided in the passage, which of the following would most likely 
occur if Myanmar continues to deviate from international IP agreements and implements its own 
independent patent system? 
(a) Myanmar will see an increase in foreign investments due to its unique IP framework. 
(b) U.S. companies may find it easier to protect their intellectual property in Myanmar. 
(c) Myanmar’s move could encourage other countries to follow suit and establish their own patent systems. 
(d) Foreign companies may face difficulties in protecting their trademarks and patents in Myanmar, 
potentially leading to economic and legal disputes. 
(e) Counterfeit goods will decline as Myanmar establishes its independent patent system. 
Directions (10-11): Rearrange the following five sentences (A), (B), (C) and (D) in the proper 
sequence to form a meaningful paragraph and then answer the question given below. 
 
Q10. (A) The scheme is designed to offer a balanced solution, ensuring both retirees' financial security and 
the government's fiscal responsibility. 
(B) The Unified Pension Scheme seeks to merge different pension systems into a single, streamlined 
structure. 
(C) This approach addresses employees' demands for higher pensions while safeguarding the 
government's capacity to finance the program. 
(D) Additionally, the unified structure aims to lower administrative expenses and promote a more equitable 
distribution of pension benefits. 
(a) CDBA 
(b) BACD 
(c) BDAC 
(d) CBDA 
(e) BADC 
 
Q11.  (A) Hydropower projects are often promoted as a renewable 
energy source that can help meet the growing demand for electricity. 
(B) However, these projects can have significant environmental 
impacts, such as altering river ecosystems and displacing communities. 
(C) Striking a balance between energy generation and environmental 
protection is crucial to ensure sustainable development. 
(D) The challenge lies in developing hydropower responsibly, while 
minimizing harm to ecosystems and local populations. 
(a) CDBA 
(b) ABCD 
(c) ABDC 
(d) CBDA 
(e) ACDB 
 
Page 5


                       
 
 
 
RBI Grade B Memory Based Paper 2024 
 
Directions (1-9): Read the following passage to answer the given question. 
The ongoing intellectual property (IP) dispute between the United States and Myanmar has drawn 
attention, particularly concerning trademark laws and patent rights. Myanmar’s decision to step back from 
international IP agreements and build its own patent system has raised concerns in the U.S., which stresses 
the importance of aligning with global standards for intellectual property protection. 
The U.S. has voiced its apprehension over Myanmar’s withdrawal from established IP frameworks, 
particularly those that support trademarks and patents. Intellectual property rights play a crucial role in 
global trade and innovation. Adhering to international IP agreements is essential for countries involved in 
global commerce, as it ensures the protection of businesses and inventors. The U.S. maintains that 
Myanmar’s move could disrupt trade relations, complicate the protection of American business interests, 
and create a less favorable environment for foreign investment. 
Myanmar’s decision to create its own patent system, rather than adhering fully to global agreements like 
the World Intellectual Property Organization (WIPO), is a key point of contention. While national patent 
systems are common, the U.S. is concerned that Myanmar’s system might not meet international standards. 
This inconsistency could create barriers for U.S. businesses seeking to protect their IP in Myanmar, leading 
to higher costs and potential legal disputes. Furthermore, a weak IP system in Myanmar could encourage 
counterfeiting and undermine the protections that American companies rely on globally. 
A significant legal framework relevant to this dispute is Section 103 of The Trade Marks Act, 1999, which 
governs trademark protection in many countries adhering to international standards. Section 103 
addresses trademark infringement, registration, and penalties for violations. It offers legal remedies like 
injunctions, damages, and the seizure of infringing goods, thus safeguarding the rights of trademark 
owners. The U.S. is concerned that Myanmar’s actions may dilute protections provided under frameworks 
like Section 103, affecting the ability of U.S. companies to safeguard their trademarks in the country. 
American businesses depend on legal protections such as those outlined in Section 103 to ensure their IP 
is respected abroad. If Myanmar’s patent system fails to offer the same level of protection, U.S. companies 
could face challenges, including legal battles and financial losses. Moreover, insufficient IP protection may 
lead to an increase in counterfeit goods, harming both businesses and consumers. 
The U.S. also emphasizes that Myanmar’s participation in global IP agreements is critical to its economic 
development. _____________________________. By stepping away from international agreements and establishing 
its own patent framework, Myanmar risks losing investor confidence and limiting its economic growth. 
In conclusion, the ongoing intellectual property dispute between the United States and Myanmar highlights 
the complexities of international trade and the importance of intellectual property protections in fostering 
economic growth and innovation. The concerns raised by the U.S. regarding Myanmar's decision to 
establish its own patent system and the potential implications for trademark protection under frameworks 
like Section 103 of The Trade Marks Act, 1999, underscore the need for collaboration and alignment with 
global IP standards. 
                       
 
 
Q1. What is the primary concern of the United States regarding Myanmar's decision to create its own patent 
system? 
(a) The U.S. is concerned that Myanmar’s patent system will result in increased taxes for American 
companies, making it harder for them to conduct business in the country. 
(b) The U.S. believes that it may lead to higher operational costs for U.S. businesses, as they will need to 
comply with different and potentially less reliable IP protection standards. 
(c) The U.S. government fears that it will make it easier for U.S. companies to register their intellectual 
property without facing international scrutiny, which may reduce transparency. 
(d) Myanmar’s decision could increase the likelihood of innovative goods in the market, harming American 
businesses and consumers globally. 
(e) The U.S. is concerned that Myanmar’s new patent system could limit foreign investments, as it may not 
offer the same legal protections provided by international IP agreements. 
 
Q2. How does the United States view the role of international intellectual property (IP) agreements 
in global trade? 
(a) The U.S. sees international IP agreements as useful but believes that countries like Myanmar should 
have the freedom to adapt them to their national interests without significant consequences for global 
trade. 
(b) The U.S. views international IP agreements as a barrier to innovation, which reduces the ability of 
countries to create independent IP systems. 
(c) The U.S. believes that they are essential for ensuring the protection of businesses and inventors involved 
in global commerce, thereby safeguarding trade relations and foreign investments. 
(d) The U.S. argues that international IP agreements are primarily designed to protect developing nations' 
intellectual property. 
(e) The U.S. maintains that international IP agreements are important, and they should be applied when 
the majority of trading partners agree to adopt them simultaneously to avoid competitive disadvantages. 
 
Q3. Why does the U.S. highlight Section 103 of The Trade Marks Act, 1999, in the context of the 
dispute with Myanmar? 
(a) The U.S. wants to promote Section 103 globally to ensure that all countries follow the same standards 
for trademark and patent protection. 
(b) The U.S. believes that Section 103 offers superior protection for U.S. businesses and should be adopted 
by Myanmar as part of its national patent system to avoid legal conflicts. 
(c) The U.S. emphasizes Section 103 because it provides legal remedies such as injunctions, damages, and 
the seizure of infringing goods, which could help American businesses to perpetuate in the longer run. 
(d) The U.S. is concerned that Myanmar’s actions may dilute protections provided by frameworks like 
Section 103, making it harder for U.S. companies to safeguard their trademarks in the country. 
(e) The U.S. is concerned that Section 103 gives too much power to foreign businesses, undermining the 
competitiveness of American companies in countries like Myanmar. 
                       
 
Q4. What is one potential risk highlighted in the passage if Myanmar’s intellectual property 
protection system does not meet international standards? 
(a) U.S. businesses may benefit from reduced competition in Myanmar’s market due to less stringent IP 
regulations, allowing them to operate with fewer legal restrictions and challenges from local competitors. 
(b) Insufficient protection under Myanmar’s IP system could result in an influx of counterfeit goods, 
negatively affecting not only U.S. businesses through financial losses but also harming consumers by 
reducing the quality and reliability of available products. 
(c) The lack of alignment with global IP standards may give U.S. companies an opportunity to evade 
international scrutiny, allowing them to operate with more flexibility in protecting their intellectual 
property. 
(d) Myanmar’s patent system could encourage greater investment in the country by lowering the costs 
associated with intellectual property registration and litigation, making it easier for U.S. businesses to enter 
the market. 
(e) A weaker IP system in Myanmar could allow U.S. businesses to dominate the market, as fewer foreign 
companies will be interested in investing in a country with unreliable intellectual property protection laws. 
 
Q5. What are the possible aftermaths of Myanmar's withdrawal from established IP frameworks, as 
mentioned in the passage? 
(I) U.S. businesses may encounter legal challenges and financial setbacks due to insufficient intellectual 
property protection. 
(II) The prevalence of counterfeit products could rise, negatively impacting both businesses and 
consumers. 
(III) Myanmar's withdrawal might lead to improved trade relations with the U.S. by fostering a more 
independent national IP system. 
(a) Only (I) 
(b) Only (II) 
(c) Both (I) and (II) 
(d) Both (I) and (III) 
(e) All (I), (II), and (III) 
 
Q6. Which of the following sentence should be used to fill the given blank? 
(a) A strong IP system attracts foreign investment by securing innovations. 
(b) Myanmar’s independent IP system will promote greater innovation within the country. 
(c) Investor confidence is rarely influenced by intellectual property protections. 
(d) Foreign companies are more likely to invest in countries with weak IP protections. 
(e) Participation in international agreements ensures Myanmar's IP system aligns with global standards. 
 
Q7. According to the passage, how might a weak intellectual property system in Myanmar affect U.S. 
companies?  
(a) U.S. companies may need to collaborate with Myanmar’s government to co-develop stronger IP 
protections. 
(b) U.S. companies may benefit from reduced legal regulations, making it easier to operate in Myanmar. 
(c) U.S. businesses may face difficulties from a surge in counterfeit products, leading to monetary losses 
and a decline in brand credibility. 
(d) U.S. companies may enjoy greater freedom in Myanmar due to weaker IP enforcement, allowing them 
to bypass international restrictions. 
(e) U.S. companies may face stricter legal penalties for failing to comply with Myanmar’s new IP system. 
 
                       
 
Q8. Which of the following conclusions can be logically inferred from the above statements? 
(a) Myanmar’s independent patent system will prevent foreign companies from facing legal challenges. 
(b) Establishing a unique patent system may lead to more complex legal disputes for foreign businesses. 
(c) Countries with strong IP protection experience higher levels of IP violations. 
(d) A strong IP protection system has no impact on a country’s economic losses from intellectual property 
violations. 
(e) Foreign businesses will prefer to invest in countries with weaker IP protection systems. 
 
Q9. Based on the information provided in the passage, which of the following would most likely 
occur if Myanmar continues to deviate from international IP agreements and implements its own 
independent patent system? 
(a) Myanmar will see an increase in foreign investments due to its unique IP framework. 
(b) U.S. companies may find it easier to protect their intellectual property in Myanmar. 
(c) Myanmar’s move could encourage other countries to follow suit and establish their own patent systems. 
(d) Foreign companies may face difficulties in protecting their trademarks and patents in Myanmar, 
potentially leading to economic and legal disputes. 
(e) Counterfeit goods will decline as Myanmar establishes its independent patent system. 
Directions (10-11): Rearrange the following five sentences (A), (B), (C) and (D) in the proper 
sequence to form a meaningful paragraph and then answer the question given below. 
 
Q10. (A) The scheme is designed to offer a balanced solution, ensuring both retirees' financial security and 
the government's fiscal responsibility. 
(B) The Unified Pension Scheme seeks to merge different pension systems into a single, streamlined 
structure. 
(C) This approach addresses employees' demands for higher pensions while safeguarding the 
government's capacity to finance the program. 
(D) Additionally, the unified structure aims to lower administrative expenses and promote a more equitable 
distribution of pension benefits. 
(a) CDBA 
(b) BACD 
(c) BDAC 
(d) CBDA 
(e) BADC 
 
Q11.  (A) Hydropower projects are often promoted as a renewable 
energy source that can help meet the growing demand for electricity. 
(B) However, these projects can have significant environmental 
impacts, such as altering river ecosystems and displacing communities. 
(C) Striking a balance between energy generation and environmental 
protection is crucial to ensure sustainable development. 
(D) The challenge lies in developing hydropower responsibly, while 
minimizing harm to ecosystems and local populations. 
(a) CDBA 
(b) ABCD 
(c) ABDC 
(d) CBDA 
(e) ACDB 
 
                       
 
Directions (12-14): In the provided questions, an idiom is presented, followed by three statements. 
Identify the statements that correctly use the given idiom. 
 
Q12. Taken aback 
(A) She was taken aback by the sudden news of her promotion and couldn't believe it. 
(B) He took a step back and was taken aback to get a better view of the painting. 
(C) They were taken aback by the strong wind as they walked along the beach. 
(a) Both A & C 
(b) Only A 
(c) Both B & C 
(d) Only C 
(e) All A, B, C 
 
Q13. Back in the saddle 
(A) After recovering from her injury, the sportswoman was back in the saddle, training harder than ever. 
(B) After the meeting, she was back in the saddle, enjoying her vacation by the beach. 
(C) After taking a long break, she decided to get back in the saddle and start painting again. 
(a) Both A & B 
(b) Only C 
(c) Both A & C 
(d) Only B 
(e) All A, B, C 
 
Q14. Keep the ball rolling 
(A) Despite the setback, the leader motivated everyone to keep the ball rolling and not lose focus on the 
final goal. 
(B) After gaining the initial investment, the entrepreneur worked hard to keep the ball rolling by seeking 
more funding. 
(C) The coach told the team to keep the ball rolling after they scored the first goal to secure the win. 
(a) Only A 
(b) Both A & B 
(c) Both B & C 
(d) All A, B, C 
(e) Only C 
 
Directions (15-17): In each of the questions given below few words are given in bold. These words 
may or may not be in their correct position. The sentence is then followed by options with the 
correct combination of words that should replace each other in order to make the sentence 
grammatically and contextually correct. Find the correct combination of the words that should be 
interchanged. 
 
Q15. Sampoornata Abhiyan is an initiative empowerment (A) at promoting education (B) development 
and aimed (C) through holistic (D), skill-building, and community welfare programs, particularly (E) in 
underprivileged areas. 
(a) A-E 
(b) A-E & B-C 
(c) B-C 
(d) A-C & B-D 
(e) No interchange required