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Indian EconomyEasy

In India, a patent is granted for a term of how many years from the date of filing?

  1. A.Ten years
  2. B.Fourteen years
  3. C.Twenty years
  4. D.Sixty years

Correct answer

C. Twenty years

Explanation

The correct answer is C, twenty years. Under the Patents Act of 1970 as amended, a patent in India runs for twenty years from the date of filing of the application, a term fixed in line with the minimum standard laid down by the TRIPS agreement of the World Trade Organization, and renewal fees must be paid to keep it alive. Option A is wrong because ten years is the term of a trademark registration, of an industrial design before extension, and of a geographical indication, all of which are renewable. Option B is wrong because fourteen years was the patent term under the older colonial law and is kept in question papers only as a distractor. Option D is wrong because sixty years is the copyright term that runs after the death of the author of a literary or artistic work.

Read the full article: Intellectual Property Rights in India: Acts and Terms

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Q1.Indian EconomyEasy

Which Act governs patents in India?

  1. A.The Patents Act, 1970
  2. B.The Copyright Act, 1957
  3. C.The Designs Act, 2000
  4. D.The Trade Marks Act, 1999
Show answer
Correct answer: A. The Patents Act, 1970

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.

Q2.Indian EconomyMedium

Copyright in a literary work in India subsists for the lifetime of the author and how many years thereafter?

  1. A.Twenty years
  2. B.Fifty years
  3. C.Sixty years
  4. D.Seventy years
Show answer
Correct answer: C. Sixty years

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.

Q3.Indian EconomyMedium

Which product was the first in India to receive a geographical indication tag?

  1. A.Basmati rice
  2. B.Darjeeling tea
  3. C.Mysore silk
  4. D.Nagpur orange
Show answer
Correct answer: B. Darjeeling tea

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.

Q5.Indian EconomyMedium

The TRIPS agreement on intellectual property is administered by which organisation?

  1. A.World Intellectual Property Organization
  2. B.World Trade Organization
  3. C.United Nations Conference on Trade and Development
  4. D.International Monetary Fund
Show answer
Correct answer: B. World Trade Organization

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.