With reference to the World Intellectual Property Organization WIPO consider the following statement...........

International Affairs United Nations

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With reference to the World Intellectual Property Organization (WIPO), consider the following statements:

1.It is a specialized agency of the United Nations for promotion and protection of Intellectual property rights.

2.It prescribes mandatory measures to be followed by its member countries

Which of the above statements given above is/are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 Only

The first statement is correct. The World Intellectual Property Organization (WIPO) is indeed a specialized agency of the United Nations. Its primary objective is the promotion and protection of intellectual property rights worldwide.

The second statement is incorrect. WIPO does not prescribe mandatory measures to be followed by its member countries. Instead, it provides assistance, services, and forums for member countries to discuss and negotiate international intellectual property agreements. Compliance with these agreements is voluntary and subject to the laws and regulations of each member country.

Therefore, only statement 1 is correct

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