A
Creations of the mind protected by patents, copyrights, and trademarks.
B
Physical infrastructure owned by public sector undertakings.
C
Monetary reserves held by central banks.
D
Natural resources found within territorial waters.
Correct answer: (a) Creations of the mind protected by patents, copyrights, and trademarks.
Explanation
Option A is correct because intellectual property refers to creations of the mind protected by patents, copyrights, and trademarks. The other options describe physical or financial assets rather than IP.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2022 · Q79 · General Studies · 2 marks
With reference to the "Tea Board" in India, consider the following statements: 1. The Tea Board is a statutory body. 2. It is a regulatory body attached to the Minister of Agriculture and Farmers Welfare. 3. The Tea Board's Head Office is situated in Bengaluru. 4. The Board has overseas offices at Dubai and Moscow. Which of the statements given above are correct? -
2024 · Q5 · GS III · 10 marks
What is the present world scenario of intellectual property rights with respect to life materials? Although, India is second in the world to file patents, still only a few have been commercialized. Explain the reasons behind this less commercialization. -
2023 · Q28 · General Studies · 2 marks
Consider the investments in the following assets: 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients How many of the above are considered intangible investments? -
2019 · Q57 · General Studies · 2 marks
Consider the following statements: 1. According to the Indian Patents Act, a biological process to create a seed can be patented in India. 2. In India, there is no Intellectual Property Appellate Board. 3. Plant varieties are not eligible in the patented in India. Which of the statements given above is/are correct? -
2017 · Q34 · General Studies · 2 marks
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?