With reference to the lsquo National Intellectual Property Rights Policy rsquo consider the followin...........

Economic Affairs Intellectual Property Rights (IPR)

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?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Justification: Statement 1: This is the reason why this policy was introduced.
Statement 2: The action by different Ministries/ Departments shall be monitored by DIPP which shall be the nodal department to coordinate, guide and oversee implementation and future development of IPRs in India.