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Which among the following is a correct statement?
  • a)
        Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.
  • b)
        Geographical indications; industrial designs; layout-designs (topographies) of integrated circuits do not come under IP.
  • c)
        An Intellectual Property Appellate Board (IPAB) has been set up at New Delhi.
  • d)
        The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2015 at Chennai as an institute of international importance to provide training, education, research and function as a think tank on Intellectual Property Rights.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which among the following is a correct statement?a) Intellectual Prope...
Answer: a
Explanation: The term Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect. These could be in the form of patents; trademarks; geographical indications; industrial designs; layout-designs (topographies) of integrated circuits; plant variety protection and copyright. IP, protected through law, like any other form of property can be a matter of trade, that is, it can be owned, bequeathed, sold or bought. The major features that distinguish it from other forms are their intangibility and non-exhaustion by consumption. IP is also the foundation of knowledge-based economy. It pervades all sectors of economy and is increasingly becoming important for ensuring competitiveness of the enterprises.
An Intellectual Property Appellate Board (IPAB) has been set up at Chennai to hear appeals against the decisions of Registrar of Trademarks, Geographical Indications and the Controller of Patents.
The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2012 at Nagpur as an institute of international importance which would provide training, education, research and function as a think tank on Intellectual Property Rights.
 
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Which among the following is a correct statement?a) Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.b) Geographical indications; industrial designs; layout-designs (topographies) of integrated circuits do not come under IP.c) An Intellectual Property Appellate Board (IPAB) has been set up at New Delhi.d) The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2015 at Chennai as an institute of international importance to provide training, education, research and function as a think tank on Intellectual Property Rights.Correct answer is option 'A'. Can you explain this answer?
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Which among the following is a correct statement?a) Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.b) Geographical indications; industrial designs; layout-designs (topographies) of integrated circuits do not come under IP.c) An Intellectual Property Appellate Board (IPAB) has been set up at New Delhi.d) The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2015 at Chennai as an institute of international importance to provide training, education, research and function as a think tank on Intellectual Property Rights.Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which among the following is a correct statement?a) Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.b) Geographical indications; industrial designs; layout-designs (topographies) of integrated circuits do not come under IP.c) An Intellectual Property Appellate Board (IPAB) has been set up at New Delhi.d) The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2015 at Chennai as an institute of international importance to provide training, education, research and function as a think tank on Intellectual Property Rights.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which among the following is a correct statement?a) Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.b) Geographical indications; industrial designs; layout-designs (topographies) of integrated circuits do not come under IP.c) An Intellectual Property Appellate Board (IPAB) has been set up at New Delhi.d) The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) was set up in 2015 at Chennai as an institute of international importance to provide training, education, research and function as a think tank on Intellectual Property Rights.Correct answer is option 'A'. Can you explain this answer?.
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