General Studies · Statements and Assumptions

Direction: In the question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is/are implicit from the given statement. Statement: Geographical Indications (GI) are intellectual property rights that recognize the unique character of goods that originate from a specific geographical location. This uniqueness is often attributed to a combination of factors such as climate, soil and the traditional knowledge and skills of the local producers. Assumptions: I. Consumers prefer genuine products and GI provides the assurance of authenticity. II. GI tag helps the local products to be successfully marketed and command premium prices only domestically.