ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -easement is not an intellectual property because it is a legal right to use another person’s land for a certain limited purpose.

Detailed explanation-2: -These are the creations of human intellect such as ideas and concepts which are legally protected. Certain examples of Intellectual property are patents, copyrights and trademark, and it does not include physical property of an intellectual. Hence the correct answer is D.

Detailed explanation-3: -Answer and Explanation: The four classifications of intellectual property are patents, copyrights, trade secrets, and trademark. Innovation does not belong to the forms of intellectual property protection. Hence, Innovations is the correct option.

Detailed explanation-4: -The term “Intellectual Property” broadly applies to ideas or property developed from the mind, as opposed to real property such as land. Intellectual property typically encompasses patents, copyrights, trademarks and service marks, and trade secrets.

Detailed explanation-5: -Copyrights. Copyrights provide authors and creators of original material the exclusive right to use, copy, or duplicate their material. Trademarks. Franchises. Trade Secrets. Digital Assets.