TRIPS - Current Affairs Questions and Answers

1)   India has approved its first National Intellectual Property Rights Policy reiterating India’s commitment to TRIPS. What does TRIPS stand for?

a. The Agreement on Trade Related Aspects of Intellectual Property Rights
b. The Agreement on Tender Related Aspects of Intellectual Property Rights
c. The Announcement on Trade Related Aspects of Intellectual Property Rights
d. The Agreement on Trade Relation Aspects of Intellectual Property Rights
Answer  Explanation 

ANSWER: The Agreement on Trade Related Aspects of Intellectual Property Rights

Explanation:
India approved its first National Intellectual Property Rights Policy on 12th May 2016. It laid down the roadmap for intellectual property in the country for a creative and innovative nation

  • IPR are legal rights which result from intellectual invention or innovation
  • IPR is required to safeguard producers of intellectual property
  • It also stresses India’s commitment to Doha Development Agenda and TRIPS (The Agreement on Trade-Related Aspects of Intellectual Property Rights).

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