Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Intellectual Property Rights (IPRs)
Given below are two statements:
Statement l: Patents are defined as monopoly rights which one granted by the government, for full disclosure of invention for a limited period of time, that is for 20 years
Statement II: The purpose of granting patents is to encourage inventions by promoting their protection and utilization so as to contribute to the development of Industries
In light of the above statements, choose the most appropriate answer from the options given below
1
Both Statement l and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement is correct but Statement It is incorrect
4
Statement I is incorrect but Statement II is correct