1.. Consider the following statements about the Geographical Indication (GI) in Indian context:
- It is an assurance of quality and distinctiveness which is essentially attributable to the goods of its origin in that defined geographical locality, region or country.
- Geographical Indication status cannot be given for industrial goods.
- Geographical Indication guidelines are governed currently by TRIPS and WIPO provisions, as India does not have its own statutory Act governing the same.
- It adds to the income of local communities
Select the correct answer using the code given below.
(a) 1 and 4 only
2.. In order to comply with TRIPS Agreement, India enacted the Geographical Indications off Goods (Registration and Protection) Act, 1999. The difference/differences between a “Trade Mark” and a Geographical Indication is/are
- A Trade Mark is an individual or a company”s right whereas a Geographical Indication is a community”s right.
- A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.
- A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only.
Which of the statements given above is/are correct?
(a) 1 only
3..Consider the following statements:
- The World Intellectual Property Organization (WIPO) is the specialized agency of the United Nations to promote the protection of intellectual property.
- In India, Department of Industrial Policy and Promotion is concerned with legislation related to Patents, Trade Marks, Designs and Geographical Indications.
- Compulsory Licensing is a safeguard provided in the TRIPS agreement which allows companies to bypass licensing and other legislative requirements.
Which of the statement(s) given above is/are incorrect?
(a) 2 only
(b) 3 only
4.. With regard to WTO and its functioning, consider the following statements:
- Most Favored Nation (MFN) status to a country by another country ensures preferential treatment, lower tariffs and removal of other trade barriers between the two member countries.
- Dispute settlement process in WTO is rule based and transparent and ensures “compliance of verdict” on member countries.
- Special Safeguard Mechanism (SSM) is a tool for protecting interest of farmers and poor from volatility of international trade in agricultural commodities.
Which of the statements given above is/are incorrect?
(a) 1 only
(b) 1 and 3 only
5..Which one of the following issues the “Global Economic Prospects” report periodically?
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