Practice Test

Consider the following about patents -
1. Patents are territorial rights.
2. the exclusive rights are only applicable in the country or region in which a patent has been filed and granted
3. To get a patent, technical information about the invention must be disclosed to the public in a patent application.
4. The protection is granted for a limited period, generally 20 years from the filing date of the application.
Select the correct answer using the codes given below:

"Focus Product' and 'Focus Market' are two schemes introduced related to -
1) Industrial Diversification
2) Technology Up-gradation
3) Export Promotion
4) Control of Inflation
Choose the right option

Consider the following salient measures taken to boost the foreign direct investment in the country:
1. approval required for eligible investment in Limited Liability Partnerships.
2. Special treatment applicable for investment by non-resident Indians on non-repatriation basis through companies, partnerships, trusts etc.
3. approval required for foreign investment by way of share swap;
4. new sectors opened up for foreign investment, including plantations, duty free shops and ownership in real estate for purposes of leasing.
5. Foreign shareholding limits increased in many sector including broadcasting and airline services.
6. Investment in certain sectors including defence, broadcasting and airline services, now under automatic route.
7. Full fungibility for portfolio investment in private banking sector.
Select the answer using the codex given below: