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Indian EconomyEasy

World Intellectual Property Day is observed on which date?

  1. A.26 January
  2. B.26 April
  3. C.5 June
  4. D.10 December

Correct answer

B. 26 April

Explanation

The correct answer is B, 26 April. 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. Option A is wrong because 26 January is Republic Day in India, the day the Constitution came into force in 1950. Option C is wrong because 5 June is World Environment Day, observed since the Stockholm Conference of 1972. Option D is wrong because 10 December is Human Rights Day, marking the adoption of the Universal Declaration of Human Rights in 1948. Days of this kind are a favourite of general awareness papers, so attach each date to the event that created it.

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

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Q2.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.

Q3.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.

Q4.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.