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Consider the following statements:
1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.
2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).
3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.
Which of the statements given above is/are correct ?
- a)2 only
- b)1 and 2 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:1. Intellectual Property Rights(IPR)...
Explanation:
Statement 1: Intellectual Property Rights (IPR) are the rights given to persons over the creations of their minds. This statement is correct. Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IPR grants exclusive rights to the creators or owners of these creations, allowing them to control and monetize their intellectual property.
Statement 2: India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement). This statement is incorrect. India is indeed committed to the TRIPS Agreement. The TRIPS Agreement is a multilateral agreement administered by the World Trade Organization (WTO) that sets down minimum standards for various forms of intellectual property protection. India, being a member of the WTO, is bound by the TRIPS Agreement and has implemented its provisions into its domestic laws.
Statement 3: The TRIPS agreement sets the minimum standards of protection for copyrights and related rights. This statement is correct. The TRIPS Agreement sets out the minimum standards of protection that WTO member countries must provide to intellectual property rights, including copyright and related rights. These standards include the rights of authors and creators, the duration of protection, and the enforcement of those rights.
Therefore, the correct statements are:
1. Intellectual Property Rights (IPR) are the rights given to persons over the creations of their minds.
3. The TRIPS agreement sets the minimum standards of protection for copyrights and related rights.
Hence, the correct answer is option C) 1 and 3 only.
Statement 1: Intellectual Property Rights (IPR) are the rights given to persons over the creations of their minds. This statement is correct. Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IPR grants exclusive rights to the creators or owners of these creations, allowing them to control and monetize their intellectual property.
Statement 2: India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement). This statement is incorrect. India is indeed committed to the TRIPS Agreement. The TRIPS Agreement is a multilateral agreement administered by the World Trade Organization (WTO) that sets down minimum standards for various forms of intellectual property protection. India, being a member of the WTO, is bound by the TRIPS Agreement and has implemented its provisions into its domestic laws.
Statement 3: The TRIPS agreement sets the minimum standards of protection for copyrights and related rights. This statement is correct. The TRIPS Agreement sets out the minimum standards of protection that WTO member countries must provide to intellectual property rights, including copyright and related rights. These standards include the rights of authors and creators, the duration of protection, and the enforcement of those rights.
Therefore, the correct statements are:
1. Intellectual Property Rights (IPR) are the rights given to persons over the creations of their minds.
3. The TRIPS agreement sets the minimum standards of protection for copyrights and related rights.
Hence, the correct answer is option C) 1 and 3 only.
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Community Answer
Consider the following statements:1. Intellectual Property Rights(IPR)...
- Recently the United States has announced the support for waiving Intellectual Property (IP) protection for Covid-19 vaccines.
- The decision is a breakthrough in India and South Africa's attempts to get World Trade Organisation (WTO) member countries to agree to such a waiver to fight the pandemic equitably.
- Intellectual property rights (IPR) are the rights given to persons over the creations of their minds: inventions, literary and artistic works, and symbols, names and images used in commerce. Hence, statements 1 is correct.
- They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
- India is a member of the World Trade Organisation and committed to the Agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement). Hence, statement 2 is not correct.
- The TRIPS Agreement sets the minimum standards of protection for copyrights and related rights, trademarks, geographical indications (GIs), industrial designs, patents, integrated circuit layout designs, and undisclosed information. Hence, statement 3 is correct.
- It establishes minimum standards for the enforcement of intellectual property rights (IPRs) through civil actions for infringement, actions at the border,
- and at least in regard to copyright piracy and trademark counterfeiting, in criminal actions.
- It establishes minimum standards for the enforcement of intellectual property rights (IPRs) through civil actions for infringement, actions at the border,
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Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:1. Intellectual Property Rights(IPR) are the rights given to persons over the creations of their minds.2. India is not committed to the agreement on Trade Related Aspects of Intellectual Property (TRIPS Agreement).3. TRIPS agreement sets the minimum standards of protection for copyrights and related rights.Which of the statements given above is/are correct ?a)2 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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