BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India and Canada were signed to establish bilateral cooperation activities in the field of IPRs. IPRs stands for
A
Intellectual Property Region
B
Intellectual Product Rights
C
International Property Rights
D
Intellectual Property Rights
Explanation: 

Detailed explanation-1: -The Union Cabinet in its meeting dated 19.02. 2020 gave the approval for signing the MoU with United States Patent and Trademark Office (USPTO) in the field of IP Cooperation.

Detailed explanation-2: -In India, there are 7 types of intellectual property rights, namely – copyright, trademarks, patents, geographical indications, plant varieties, industrial designs and semiconductor integrated circuit layout designs. 2.

Detailed explanation-3: -You will learn about the five main types of intellectual property rights (IPRs) administered by the Canadian Intellectual Property Office (CIPO). CIPO plays a key role in supporting Canada’s innovation and productivity by delivering and granting quality and timely IP rights.

Detailed explanation-4: -Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time.[1] These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time.

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