Current Affairs · Intellectual Property Rights Framework
Consider the following statements regarding the Intellectual Property Rights (IPR) regime in India: I. Patents in India are governed by the Patents Act, 1970, which underwent amendments to comply fully with the WTO TRIPS Agreement. II. Trademarks, industrial designs, patents, and geographical indications are administered by the Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM). III. India grants standard utility patents for an extended term of 25 years from the absolute date of filing. IV. Sustained expansion in domestic IP filings is closely linked with national initiatives like Startup India and structural digitisation of IP processing systems. How many of the above statements are correct?
- 1All four
- 2Only three✓
- 3Only two
- 4Only one
Correct answer
Only three
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