SBI GK Questions 2026

The Act of 2019 devotes a separate chapter to it, making a manufacturer, a product seller or a product service provider liable to pay compensation for harm caused by a defective product or a deficient service, whether the defect lies in manufacture, design, the deviation from specifications, a warranty or…

A cartel is a horizontal agreement, that is one between enterprises at the same level of the production or supply chain, to fix prices, limit or control output, share markets or territories, or rig bids in a tender.

Appeals from the Commission were earlier heard by the Competition Appellate Tribunal, and that work was transferred to the National Company Law Appellate Tribunal, from whose order a further appeal lies to the Supreme Court.

The MRTP Act treated size itself as a danger and required large undertakings to obtain approval for expansion, which suited a controlled economy.

National Consumer Day marks the day on which the Consumer Protection Act, 1986 received the assent of the President of India, and it is observed every year with campaigns on consumer rights and on the machinery available for redressal.

It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.

The CCPA is a regulator created by that Act to protect the interests of consumers as a class, and not merely to decide an individual complaint.

The new Act widened the definition of a consumer to cover online, teleshopping and multi-level marketing purchases, created the Central Consumer Protection Authority, introduced product liability and rules for electronic commerce, allowed mediation and e-filing, and renamed the three redressal bodies as Commissions.

The Competition Act, 2002 rests on three pillars, and freedom of trade is the very thing it protects, so no provision of it prohibits trade; on the contrary, the Act opens by stating that it seeks to ensure freedom of trade carried on by other participants in markets in India.

The Consumer Protection Act, 1986 created a three-tier machinery and fixed a money limit for each tier: the district forum could hear a complaint where the value of the goods or services and the compensation claimed did not exceed twenty lakh rupees, the state commission took claims above that limit…

The National Intellectual Property Rights Policy approved in 2016 carries this slogan and brings patents, copyright, trademarks, designs, geographical indications, plant varieties and layout designs under a single framework, with awareness, administration, commercialisation and enforcement as its objectives; its implementation was entrusted to a cell under the Department for Promotion…

World Intellectual Property Day is observed every year on 26 April, the day on which the convention establishing the World Intellectual Property Organization came into force in 1970, and each year the organisation announces a theme on creativity and innovation.

The Office of the Controller General of Patents, Designs and Trade Marks, with its headquarters at Mumbai, works under the Department for Promotion of Industry and Internal Trade in that ministry, and the Copyright Office was also brought under the same Department.

It provides that the mere discovery of a new form of a known substance which does not result in the enhancement of the known efficacy of that substance is not an invention, and therefore cannot be patented; the Supreme Court applied it in the Novartis case concerning a cancer drug.

Under the Trade Marks Act of 1999 a registration lasts ten years from the date of application and may be renewed for further periods of ten years without any limit on the number of renewals, so a brand name can in practice be protected for as long as the business…

The Agreement on Trade Related Aspects of Intellectual Property Rights is one of the agreements that came into force with the establishment of the World Trade Organization in 1995, and it binds every member to minimum standards of protection, enforceable through the dispute settlement system of the organisation.

The World Intellectual Property Organization was set up by a convention signed in 1967, became a specialised agency of the United Nations in 1974, and has its headquarters at Geneva in Switzerland, where it administers the Paris and Berne Conventions, the Patent Cooperation Treaty and the Madrid system.

Darjeeling tea, grown on the hill slopes of the Darjeeling district of West Bengal, was the first product registered under the Geographical Indications of Goods Registration and Protection Act of 1999 after the Act came into force, and the Tea Board of India holds the registration.

Under the Copyright Act of 1957, copyright in a literary, dramatic, musical or artistic work lasts for the life of the author and sixty years counted from the beginning of the year following the year of death, after which the work enters the public domain.

It replaced the Indian Patents and Designs Act of 1911 on the recommendations of the Ayyangar Committee, allowed only process patents in medicines and food at first, and was amended in 1999, 2002 and 2005 to meet the obligations India accepted at the World Trade Organization.