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Consider the following statements with reference to the World Intellectual Property Organization (WIPO):
1. It is a specialized agency of the United Nations.
2. It aims to lead the development of a balanced and effective international intellectual property (IP) system.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to the World Intellec...
WIPO (World Intellectual Property Organization)
Statement 1: It is a specialized agency of the United Nations.
- This statement is correct. WIPO is indeed a specialized agency of the United Nations, established in 1967 to promote and protect intellectual property across the world.
Statement 2: It aims to lead the development of a balanced and effective international intellectual property (IP) system.
- This statement is also correct. WIPO's main objective is to lead the development of a balanced and effective international intellectual property system that encourages innovation and creativity while also ensuring that the rights of creators and inventors are protected.
Therefore, both statements 1 and 2 are correct. WIPO plays a crucial role in setting international standards for intellectual property protection, providing services to help protect IP rights, and facilitating cooperation among countries to ensure a harmonized global IP system.
Statement 1: It is a specialized agency of the United Nations.
- This statement is correct. WIPO is indeed a specialized agency of the United Nations, established in 1967 to promote and protect intellectual property across the world.
Statement 2: It aims to lead the development of a balanced and effective international intellectual property (IP) system.
- This statement is also correct. WIPO's main objective is to lead the development of a balanced and effective international intellectual property system that encourages innovation and creativity while also ensuring that the rights of creators and inventors are protected.
Therefore, both statements 1 and 2 are correct. WIPO plays a crucial role in setting international standards for intellectual property protection, providing services to help protect IP rights, and facilitating cooperation among countries to ensure a harmonized global IP system.
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Consider the following statements with reference to the World Intellec...
The Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge was adopted at the Diplomatic Conference held under the aegis of the World Intellectual Property Organization (WIPO) at its headquarters in Geneva.
- It is a specialized agency of the United Nations, located in Geneva, Switzerland.
- It was established by the WIPO Convention in 1967
- Mission: Its mission is to lead the development of a balanced and effective international intellectual property (IP) system that enables innovation and creativity for the benefit of all.
- Members: WIPO currently has 193 member states.
- It provides a global policy forum, where governments, intergovernmental organizations, industry groups and civil society come together to address evolving IP issues.
- Its member states and observers meet regularly in a variety of standing committees and working groups.
- In these bodies, members negotiate the changes and new rules needed to ensure that the international IP system keeps pace with the changing world, and continues to serve its fundamental purpose of encouraging innovation and creativity.
Hence both statements are correct.
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Consider the following statements with reference to the World Intellectual Property Organization (WIPO):1. It is a specialized agency of the United Nations.2. It aims to lead the development of a balanced and effective international intellectual property (IP) system.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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