UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding I... Start Learning for Free
Consider the following statements regarding Intellectual Property Rights policy 2016
1. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
2. It aims to remove compulsory licensing clause from India’s Patents Act.
Which of the above statements is/are incorrect?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Intellectual Property Righ...
Intellectual Property Rights Policy which is in compliance with WTO’s (World Trade Organisation) agreement on TRIPS (Trade Related aspects of IPRs), aims to sustain entrepreneurship.
As per the WTO norms, a compulsory licensing (CL) can be invoked by a government allowing a company to produce a patented product without the consent of the patent owner in public interest. Under the Indian Patents Act, a CL can be issued for a drug if the medicine is deemed unaffordable, among other conditions, and the government grants permission to qualified generic drug makers to manufacture it.
View all questions of this test
Explore Courses for UPSC exam

Top Courses for UPSC

Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Intellectual Property Rights policy 20161. Intellectual Property Rights Policy is in compliance with WTO’s agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).2. It aims to remove compulsory licensing clause from India’s Patents Act.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev