Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Intellectual Property Rights (IPRs)
Which among the following is not a correct statement regarding patent ?
1
A patent is a legal protection granted for an invention that is new, non-obvious and useful.
2
The patent grants the patent holder the exclusive right to make use or sell the patented products or process.
3
The exclusive purpose of the patent system is to benefit the patent holder.
4
The Indian Patent Act, 1970, was amended and made effective from January 1, 2005.