Question
With reference to the ‘National Intellectual Property Rights Policy', consider the following statements:
1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.
2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer:
C
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Explanation:
Statement 1 is correct. The 'National Intellectual Property Rights Policy' of India does reiterate India's commitment to the Doha Development Agenda and the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. It emphasizes the need to balance intellectual property rights with public welfare and development objectives.
Statement 2 is also correct. The Department of Industrial Policy and Promotion (DIPP), which is now known as the Department for Promotion of Industry and Internal Trade (DPIIT), is indeed the nodal agency responsible for formulating and regulating intellectual property rights in India.
Therefore, the correct answer is (c) Both 1 and 2.