ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -To be patentable, the invention must be statutory, novel, useful, and non-obvious.

Detailed explanation-2: -The five primary requirements for patentability are: (1) patentable subject matter, (2) utility, (3) novelty, (4) nonobviousness, and (5) enablement.

Detailed explanation-3: -Patents shall be granted for any inventions which are susceptible of industrial application (utility), which are new and which involve an inventive step (non-obvious).

Detailed explanation-4: -i) It should be novel. ii) It should have inventive step or it must be non-obvious iii) It should be capable of Industrial application. iv) It should not attract the provisions of section 3 and 4 of the Patents Act 1970.