seed Intellectual Property Rights (IPRs) Questions Latest Intellectual Property Rights (IPRs) MCQ Objective Questions Ro ER ABU ke lila) Start Complete Exam Preparation ADC e oer rea pines PRs je rere Download App ers Ex.) Question 1: View this Question Online > Consider the following real-life example. Ifa person uses someone's song as background music in his/her music video then could be an act a person is an example of: 1. Copyright Infringement 2. Identity theft 3. Hacking 4. Cyber bullying). 5. Nonel6f the above . Answer (Detailed Solution Below) Option 1 : Copyright Infringementcoaching India’s Super Teachers for all govt. exams Under One Roof Gea or oad Intellectual Property Rights (IPRs) Question 4 Detailed Solution The correct answer is option 1. Concept Copyright Infringemen The unauthorized use of someone else’s copyrighted work is called copyright infringement. As a result, itis the unauthorized use of enother person's copyrighted work, infringing on the copyright holder's rights to reproduce, distribute, exhibit, or perform the protected work Explanation: Consider the following real-life exam Ifa person uses someone's song as background music in his/her music video then coi person is an example of copyright infringement, + Copyright infringement occurs when a third party infringes on the copyright holder's rights such as the exclusive use of a work for a specified period of time. + Music and movies are two of the most well-known kinds of entertainment that are subjected to substantial copyright violations. Infringement lawsuits may result in contingent liabilities, or funds set aside in the event of a lawsuit. Hence the correct answer is Copyright Infringement. Be Addi + Hacking is the act of unauthorized access to a computer, computer network, or any digital system. Hackers usually have the technical expertise in hardware and software + Identity thieves increasingly use personal information stolen from computers or computer networks, to commit fraud by using the data gained unlawfully + Cyberbullying is bullying with the use of digital technologies. It can take place on social media, messaging platforms, gaming platforms, and mobile phones. nal InformationIndia’s #1 Learning Platform Reco ta Start Complete Exam Preparation oe Practice eae Cito serine Cera Frio Download App Question 2: View this Question Online What is the term of copyright for an author of a book ? 1. 100 2. The life of the author 3. The life of the author plus 60 years 4. The life of the author plus 50 years Answer (Detailed Solution Below) Option 3: The life of the author plus 60 years Intellectual Property Rights (IPRs) Question 2 Detailed Solution The correct answer is The life of the author plus'60 years © Key Points The term of copyright for anor of albodk in India is 60 years from the year following the author's death. This is as per 22 of the Copyright Act, 1957 For example, if an author dies in 2023, their copyright will expire in 2084, The copyright term for books is one of the longest copyright terms in India. This is because books are considered to be works of intellectual property, and the copyright term is designed to protect the author's investment in their work. After the copyright term expires, the book becomes public domain, which means that anyone can copy, distribute, or perform the book without seeking permission from the copyright holder.ieee arc) Start Complete Exam Preparation Ree ote Garren epirion peri Download App Question 3: View this Question Online > The use of information and ideas protected by IPR are of 4. Cultural value 2. Social value 3. Commercial value 4 ™ Answer (Detailed Solution Below) Option 3: Commercial value Intellectual Property Rights (IPRs) Question 3 Detailed Solution The correct answer is Commercial value. © Key Points + The use of information and ideas protected by intellectual property rights (IPR) are of commercial value. + IPR are a set of legal rights that protect the creations of the human mind, such as inventions, literary and artistic works, designs and symbols, and names and images used in commerce. These rights give the creators the exclusive right to use, exploit, and benefit from their creations for a certain period of time. + IPR play an important role in promoting innovation and creativity/By protecting the creators of new ideas and products, IPR encourage them to invest in reseatch and development. This leads to the creation of new products and services that-benefit society as a whole. + IPR are also important for businesses. By proteéting theif intellectual property, businesses can asin a comnetitive advantane in thafnara Metnelt aico uce their IPR to attract invectoreand partners. = - ideas of The following are some exemple row IPR are used to protect information an commercial value: Patents: Patents protect inventions for a period of 20 years. They give the inventor the exclusive right to make, use, sell, and offer to sell the invention. Copyrights: Copyrights protect original works of authorship, such as literary, dramatic, musical, and artistic works, and cinematographic films. They give the copyright holder the exclusive right to reproduce, distribute, perform, display, and create derivative works based on the copyrighted work. Trademarks: Trademarks protect words, phrases, symbols, and designs that identify the source of goods or services. They give the trademark holder the exclusive right to use the trademark in connection with the goods or services for which it is registered. Businesses can use IPR to protect their brands, trade secrets, and other valuable information and ideas. By doing so, they can gain a competitive advantage in the market and increase their profits. ea area Ne Pert TORE Cua Start Complete Exam Preparation roe Practice mana Exc) Us} Mastercl Question Bank Download App Question 4: View this Question Online > Which among the following is closely associated with intellectual property rights ? 1. GATS 2. TRIMS 3. TRIPs 4. MEN 5. Nonglof the above Answer (Detailed Solution Below)Intellectual Property Rights (IPRs) Question 4 Detailed Solution 6 Key Points TRIPS: + The WTO's agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) was negotiated fram 1986-to 1994, + It was the Uruguay Round of GATT negotiations where for the first time the rules relating to intellectual property rights were discussed and introduced as part of the multilateral trading system. + Intellectual property means information with commercial values such as ideas, inventions creative expression and others. + The agreement sets out the minimum standards of protection to be adopted by the parties in respect of seven intellectual properties. + Those are copyrights and related rights, trademarks, geographical indication, industrial designs, patents, layout design of integrated circuits, and undisclosed information (trade secrets). » Important Points TRIPS objectives: + These goals include reducing trade distortions and bottlenecks. + It promotes effective and adequate intellectual property rights (IPR) protection. + TRIPS ensure that measures and procedures for enforcing intellectual property rights (IPR) do not become hurdles to legitimate commerce. + Provision on dispute —_ Thus, TRIPs is closely associated 'ellectual property rights. © Additionalinformation General Agreement on Trade and Services (GATS): The GATS provides a framework of rules governing services trade, establishes a mechanism for countries to make commitments to liberalize trade in services, and provides a mechanism for resolving disputes between countries. ‘TRIMS: Under the Agreement on Trade-Related Investment Measures of the World Trade Organization (WTO), commonly known as the TRIMs Agreement, WTO members have agreed not to apply certain investment measures related to trade in goods that restrict or distort trade. The TRIMs Agreement prohibits certain measures that violate the national treatment and quantitative restrictions requirements of the General Agreement on Tariffs and Trade (GATT). MEN: Under the World Trade Organisation (WTO) agreements, member countries normally not discriminate between their trading partners means to grant someone a special favour and grant treat others normally. MEN means if the special statue is granted to a trade partner, it must be extended to all members of the WTO. Oo TERE seen Petia e Start Complete Exam Preparation eRe accaie |e rcs Download App Que: n 5: View this Question Online > ry Given below are two statements: Statement I: Patents ere defined as monopoly rights which one granted by the government, for full disclosure of invention for a limited period of time, that is for 20 years Statement II: The purpose of granting patents is to encourage inventions by promoting their protection énd utilization so as to contribute to the development of Industries aX the above statements, choose the most appropriate answer from the options given below Eoth Statement | and Statement Il are correct 2, Both Statement | and Statement II are incorrect 3. Statement is correct but Statement It is incorrect 4, Statement | is incorrect but Statement II is correct Answer (Detailed Solution Below) Option 1: Both Statement | and Statement Il are correct Intellectual Property Rights (IPRs) Question 5 Detailed Solution The correct answer is Both Statement | and Statement Il are correct Statement k Patents are defined as monopoly rights which on granted by the government, for full disclosure of invention for a limited period of time, that is for. 20 years Explanation: warded for an invention is a product or a technique that, in something or provides a new technical solution to a + A patent is an exclusive general, gives a new way o} problem. + The protection is granted for a limited period, generally 20 years from the filing date of+ Hence, Statement | is true. Statement Il: The purpose of granting patents is to encourage inventions by promoting their protection and utilization so as to contribute to the development of Industries. Explanation: + The purpose of granting patents itself is to not only encourage innovation but also ensure that the inventions are worked in India and are made available to the public in sufficient quantity at reasonable prices + Hence, Statement Il is true. Top Intellectual Prope: hts (IPRs) MCQ Objective Questions ee AP Bertola) Start Complete Exam Preparation eee er cen Panes coed Eta Download App Question 6 View this Question Online > Intellectual Property Rights (IPRs) protect the use of information and ideas that are of 1. Social value 2. Moral value 3. Commercial valtie, 4 . ie Answer (Detailed Solution Below) Option 3 : Commercial value Intellectual Property Rights (IPRs) Question 6 Detailed Solution Intellectual Property Rights (IPRs) protect the use of information and ideas that are of Sommerctal Value. rary“By Important Point The four types of intellectual property rights include: 1. Trade Secrets 2. Trademarks 3. Copyrights, and 4, Patents CPxey-Points The Economic and Commercial Value of Intellectual Property Rights (IPRs): IPRs as a Means of Protecting Business Interests, E rng Innovation and Technology Transfer and Promoting Trade and Investment. + The valuation of IP is therefore essential in the framework of commercial transactions. Unfortunately, this aspect is often overloowadvaluedioessadentalusetienced with these types of and therefore unprofitable or sometimes disastrous situations leading to bankruptcy + It is therefore essential to analyze and assess the value of the intellectual property during the negotiation peésesthe conclusion of the commercial transaction + 4 brand is generally subject to trademark protection + Technology can be subject to patent, industrial design, and/or copyright protection + Other types of intellectual property may also exist & Tea ay Cees eee Ce Cnet alee? rors Ciccone Download App Question7 View this Question Online > Under which type of agreement royalty is paid on the basis of Sale? 4. Mining 2. Patent 3. Copy rightx” Answer (Detailed Solution Below) Option 3 : Copy right Intellectual Property Rights (IPRs) Question 7 Detailed Solution The correct answer is Copyright @ Royalty: + A.user must pay a royalty to the owner of the asset or object over which the owner has certain privileges. + The owner and the user of such property or rights prepare a royalty agreement. «if money tepeld insacquire the property verght: will beconcideted > copitolempornggall than a royalty. » Important Points Royalty on Copyright: + The author (on his book(s), the photographer (of his images), or any other creator of such creative works has a legal right under copyright. + Based on the sale made by the publisher, a copyright royalty is paid by the publisher (lessor) of a book to the author (lessor) of that booker to the photographer. §& Additional Informati Royalty on Patent: + An invention is a product or a technique that, in general, offers a new way of doing something or presents a new technical solution to a problem, + A patent is an exclusive right awarded for an invention, + The patent royalty agreement specifies what is being licensed (e.g. a patented product or technique), how the licensee can use it (to manufacture, use or sell the product), and for how long and under what terms they can use it. Royalty on Mining: + The lessee of a mine or quarry pays royalty to lessor of the mine or quarry, which is generally based on the production or output basis. Po ieee anu Beet Start Complete Exam Preparation ORCC cst) Dally tive food acd Giese rear a Goo ees Download App Question 8 View this Question Online > Intellectual Property Rights include “™/” 2. Copyrights 3. Trademark 4. All of the above ‘Answer (Detailed Solution Below) Option 4: All of the above Intellectual Property Rights (IPRs) Question 8 Detailed Solution The correct answer is All of these. © Key Points + The term “intellectual property,” of “IP,” refers to all of the legal protections for ideas and concepts as they are realized. You caf use intellectual property rights to protect things like music, trade names, ORéfignames, product designs, techniques, games, software, lyrics, and photos. + Understanding how they funetion and how they are made is essential to knowing how to safeguard a company’s valuable assets, such as patents, trademarks, copyrights, and trade secrets. + Awork's owner is typically considered to be its creator. However for various kinds of property and in various situations, intellectual property ownership can be decided in various ways. For instance, if a piece of work is produced for a client, the client is the owner of that intellectual property. Hence, Intellectual property rights includes patents, copyrights and trademark. Fd India’s #1 Learning Platform Start Complete Exam Preparation Rena ceseid fond ca Cadi ere Cod steer a or Download App Question 9 Intellectual Property Rights (P.R.) in India covers 1, Patents 2. Copyrights 3. Trademarks 4, All of the abov a Answer (Detailed Solution Below) Option 4: All of the above Intellectual Property Rights (IPRs) Question 9 Detailed Solution The correct answer is All of the above. View this Question Online > + IPRis a general term covering patents, copyright, trademark, industrial designs, geographical indications, protection of layout design of integrated circuits. © Key Points + India has laws covering various areas of Intellectual Property as enumerated herein below: ° Trade Marks + Patents * Copyrights and Related Rights + Industrial DesignsRae ree reer ar = Layout Designs of Integrated + Plant Verieties = Information Technology yoercrimes = Data Protection uits » Important Points + Following acts deal with the protection of intellectual property: * Trade Marks Act, 1999 = The Patents Act, 1970 (as amended in 2005) + The Copyright Act, 1957 * The Designs Act, 2000 + The Geographical Indications of Goods (Registration and Protection) Act, 1999 = The Semiconductor Integrated Circuits Layout Design Act, 2000 + The Protection of Plant Varieties and Farmers’ Right Act. 2001 2 The Information Technology Act, 2000 al eee ee Start Complete Exam Preparation ORG ars al prere Ea pereree Co liste ha Download App ‘Question 10 View this Question Online > Arrange the following procedure for the grant of patent in a proper sequence: (A) The true and first owner shall apply in form | and legal représentative of true owner shall apply in form I (8) Acomplete specification shall be filled with a fee of Rs. 50/- within 12 months from the date of filing of application (© The first inventor of the work who Claims to be true and first owner or his legal representative (0) For each invention separate application for a patent shall be made Choose the'correétianswer from the options given below: a 4. (A), (0), ©, (8) 2. (©), (D), A). (8)2 NB) A EAC) 4. (B), (D), (CA) Answer (Detailed Solution Below) Option 2: (©), (D), (A), (B) Intellectual Property Rights (IPRs) Question 10 Detailed Solution The correct answer is (C), (D), (A), (B) © Key Points Patent: + A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution toa problem, + To get a patent, technical information about the invention must be disclosed to the public in a patent application. , + The term of every patent granted i& 20 years from the date of filing of application. » Important Points Procedure for the grant of patent: 1. The first inventor of the work who claims to be true and first owner or his legal representative. 2. For each invention separate application for a patent shall be made 3. The true and first owner shall apply in form | and legal representative of the true owner shall apply in form II 4. A complete specification shall be filled with a fee of Rs. 50/- within 12 months from the date of filing of application. India’s #1 Learning Platform CoCr ot Start Complete Exam Preparation raion Practice moan ents Question Bank ionsDownload App ‘Question 11 ‘ »% View this Question Online > Given below are two statements:One is labelled as Assertion (A) and the other is labelled as Reason ®). =<" : Trademark registration gives exclusive proprietary rights to the trademark owner. Reas A trademark is a recognizable sign, design or expression which identifies products or services of a particular source from those of others. and are used to claim exclusive proprietary rights of products or services. In light of the above statements. choose the correct answer from the options given below : 1. Both (A) and (R) are true and (R) is the correct explanation of (A) 2. Both (A) and (R) are true but (R) is NOT the correct explanation of (A) 3. (A) is true but (R) is false 4. (A) is false but (R) is true Answer (Detailed Solution Below) Option 1 : Both (A) and (R) are true and (R) is the correct explanation of (A) | = Intellectual Property Rights (IPRs) Question 11 Detailed Solution A trademark registration gives exclusive proprietary rights to the trademark owner. It is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others, and are used to claim exclusive proprietary rights of products or services. Cpxey-Points | 1. A trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others 2. A service mark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of a service rather than goods. 3. Some examples include brand names, slogans, and logos. The term "trademark" is often used ina general sense to refer to both trademarks and service marks. 4, Trademarks are generally considered a form of intellectual property and may or may not be registered.Both (A) and (R) are true and (R) is the correct explanation of (A). od CR ABR Ret) Start Complete Exam Pr Roa en Bee esics Daag Reales Cresieeoog Bric. Jownload App ‘Question 12 View this Question Online > The first offence for infringement of copyright can be for a maximum of imprisonment for a term of 1, 6 month and a fine of Rs. 20,000, 2. 3 years and a fine of Rs. 50,000 3 a fine of Rs. 2,00,000 4. year anda fine of Rs. 300,000 Answer (Detailed Solution Below) Option 3 : 3 years and a fine of Rs. 2,00,000 Intellectual Property Rights (IPRs) Question 12 Detailed Solution The correct answer is 3 years and a fine of Rs. 2,00,000 Copyright Ast 1887: + In the year 1957 to protect intellectual property rights, this law waé implemented across the country by making the Copyright Act. + Copyright is a type of intellectual property that protects original works of authorshipGHGS HCY GFE TE OG eee GT Se ee oe ee oN: + Under this, books, painting, sculpture, cinemaymusic, computer programs, Advertising, maps and technical illustrations cre included. > Important Points ‘~ Section 6, Copyright Act 1987: Section 63 of the Act provides that any person who knowingly infringes or abets the infringement of + the copyright in a work, or + any other right conferred by this Act except the right conferred by section 53A shall be punishable with imprisonment for a term which shall not be less than 6 months but which may extend to 3 years and with fine which shall not be less than Rs.50,000/- but which may extend to Rs. 2 lakhs. eee en peta Cea et Start Complete Exam Preparation Be ond Tact osc Question Bank Pre) Download App Question 13 View this Question Online > Under copyright agreement the amount of royalty is computed on the basis of 1. Number of books published 2. Number of books sold 3 _ of books published 4. Total sale price of the books sold Answer (Detailed Solution Below) Option 4: Total sale price of the books sold Intellectual Property Rights (IPRs) Question 13 Detailed SolutionThe correct answer is Total sale price of the books sold. © Key Points Copyright + The legal right of the owner of intellectual property is refétted to.as copyright. + The right to copy is the simplest definition of copyright. + This indicates that the only people who have the Sole right to reproduce a work are the original authors of that work and anyone towhom they grant permission. » Important Points Royalty - A legally binding nt granted to an individual or business in exchange for continued use of their assets, such 2s Co) d works, franchises, and natural resources, is known as a royalty. Either production or sales are used as the foundation for calculating royalties. The manufacturing account is debited for royalties paid on production whereas the P/L account is charged for rayalties received on sales Thus, Under copyright agreement the amount of royalty is computed on the basis of Total sale price of the books sold. & EEE ee nea) PS eTa e)(1CM em ete see Laced) Cee RR cron Download App Question 14 View this Question Online > Given below are two statements: Statement I: Patents ere defined as monopoly rights which on€ granted by the government, for full disclosure of invention fora limited period of time, that is for 20 years Statement II: The purpose of granting patents is to encourage inventions by promoting their protection and utilization so as to contribute to the development of Industries In light of the above statements, choose the most appropriate answer from the options given below ¥ i land Statement Il are correct 2. Both Statement I and Statement Il are incorrect3. Statement is correct but Statement It is incorrect 4, Statement | is incorrect but Statement II is correct Answer (Detailed Solution Below) Option 1: Both Statement | and Statement Il are correct, Intellectual Property Rights (IPRs) Question 14 Detailed Solution The correct answer is Both Statement | and Statement Il are correct - ‘Statement I: Patents are defined as monopoly rights which one grafited)by the government, for full disclosure of invention for a limited period of time, that is fof'20 years Explanation: + A patent is an exclusive right awarded for an invention is a product or a technique that, in general, gives a new way /-_ something or provides a new technical solution toa roblem. + The protection is granted for @imited period, generally 20 years from the filing date of the application. + Hence, Statement lis true. Statement Il: The purpose of granting patents is to encourage inventions by promoting their protection and utilization so as to contribute to the development of Industries. Explanation: + The purpose of granting patents itself is to not only encourage innovation but also ensure that the inventions are worked in India and are made available to the public in sufficient quantity at reasonable prices. + Hence, Statement Il is true. rod eee eeu) Start Complete Exam Preparation Rea oem Ginn fees } Mock Tests Perl Cres ined we Download AppQuestion 15 View this Question Online > Choose the correct code for the following statements being co! incorrect. Statement | : Intellectual Property (IP) is a category of pri includes intangible creations of the human intellect. Statement II : IPR does not include ~~ oa rights, 1. Both the statements | and 2. Both the wobg are incorrect. Stat o correct, but Il is incorrect. 4, Statement II is correct, but lis incorrect. Answer (Detailed Solution Below) Option 3 : Statement I is correct, but Il is incorrect. Intellectual Property Rights (IPRs) Question 15 Detailed Solution Statement I: intellectual Property (IP) is a category of property that includes intangible creations of the human intellect. Explanation: 1. Intellectual property (IP) refers to creations of the mind, such as inventions; literary and arti works; designs; and symbols, names, and images used in commerce. 2. Intellectual property is an umbrella term for a set of intangible assets or assets that are not physical in nature. 2, Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. 4, There are many types of intellectual property, and some countries recognize more tha 5. The most well-known types are copyrights, patents, trademarks, and trade secrets. Tl statement | is correct. s Statement Il: IPR does not include trade secrets and moral rights. Explanation: O Intellectual property can consist of many types of intan: x 1e of the most common are listed below: S 1, Trademarks: Trademarks are ak: 3, and symbols that differentiate your brand T ct p from others in your industry be distinctive and used in commerce to sell or Pee oe Ea Aor armPi ee ie ie ere 2. Copyrights: A copyright grants legal rights to anything you create that expresses or embodies an idea. It gives you exclusive rights to copy, distribute, reproduce, display, and license the work. 3, Patents: Patents are granted for new, useful inventions, and they will give you the right to prevent others from making, using, or selling your invention. 4, Trade Secrets: a trade secret is @ piece of confidential business information whose secrecy gives you an advantage over your competitors. 5, Moral Rights: Moral rights are personal legal rights belonging to the creator of copyright works and not be transferred, assigned, or sold. Moral in other words-"Moral rights are the rights individual creators have in relation to copyright works or films they have created. 6, Franchise: A franchise is a license that a company, individual, or party-called the franchisee— purchases allowing them to use a company’s-the franchisor-name, trademark, proprietary knowledge, and processes. Thus, statement Il is incorrect. Option 3 is the correct answer.