Which one of the following intellectual property rights is protected without making any registration?
- A.Copyright
- B.Patent
- C.Industrial design
- D.Trademark
Correct answer
Explanation
The correct answer is A, Copyright. Copyright arises automatically the moment an original work is created and fixed in some form.
Under the Copyright Act, 1957 and the Berne Convention, which India has joined, an author of a literary, dramatic, musical or artistic work, a film or a sound recording gets copyright without any formality. Registration with the Copyright Office is optional and only serves as evidence in a dispute. For literary works the right generally lasts for the author's life plus sixty years in India. The other forms of intellectual property need an application to and grant by the Controller General of Patents, Designs and Trade Marks.
Option B is wrong because a patent is granted only after an application is examined under the Patents Act, 1970, and lasts twenty years. Option C is wrong because an industrial design must be registered under the Designs Act, 2000. Option D is wrong because full statutory protection of a trademark comes from registration under the Trade Marks Act, 1999.
Exam tip: copyright is automatic; patents, designs and trademarks need registration.
Practice Questions
View allAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- A.improve
- B.diminish
- C.remain constant
- D.first diminish and then improve
Show answer
Each extra unit of a good gives a consumer less additional satisfaction than the unit before it, so marginal utility falls as consumption rises.
Read the full explanation →Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. 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
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The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.
Read the full explanation →UBI, as an alternative for subsidies in poverty alleviation, stands for
- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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UBI is the idea of paying every citizen a fixed sum of money regularly, without conditions, in place of a large number of separate subsidies and welfare schemes.
Read the full explanation →Who among the following is the Chairman of the Fourteenth Finance Commission?
- A.C. Rangarajan
- B.Vijay Kelkar
- C.Y. V. Reddy
- D.Rakesh Mohan
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The Fourteenth Finance Commission, set up in 2013 for the award period 2015-2020, was chaired by Y. V. Reddy, a former Governor of the Reserve Bank of India.
Read the full explanation →Why was constitutional amendment needed for introducing GST?
- A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
- B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
- C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
- D.The GST Council had recommended for constitutional amendment so that its power enhances.
Show answer
GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.
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