Law Legal Studies · General Awareness

Intellectual Property Law

1,295 Questions

Practice legal questions covering the fundamentals of intellectual property rights. This includes topics on patents, trademarks, trade secrets, and infringement remedies. These questions are tailored for law students and candidates preparing for judiciary competitive examinations.

Patent requirementsTrade secret lawsTrademark infringementIntellectual property rightsLegal remedies

Intellectual Property Law Questions

Multiple choice

Legal Protection includes�

  1. Patent of Product

  2. Planning and Product Style

  3. Wage

  4. Salary

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Legal protection for products primarily involves intellectual property rights, such as patents, which prevent others from copying the product design or technology.

Multiple choice commercial applications advertising and brand promotion definition and merits of brand and branding branding and packaging marketing mix concept,types, objectives, advantages and criticism of advertising distinction between advertising and personal selling meaning, objectives, merits and demerits of advertising

A child of advertisement is?

  1. The trade mark

  2. Brand name

  3. Patents

  4. Trade name
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A brand name is often considered the child of advertisement because advertising is the primary tool used to build, promote, and establish the identity of a brand in the consumer's mind.

Multiple choice botany biotechnology and its applications biopiracy biotechnological regulations principles and process of biotechnology

An unfair claim to novelty and invention come under

  1. Economic piracy

  2. Resource piracy

  3. Intellectual piracy

  4. Theft
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Piracy is the unauthorized claim of copyrighted content or product or resources. It affects the economy of that country. If there is an unauthorized claim of novelty or patent and invention is called intellectual piracy. 

So, the correct answer is 'Intellectual piracy'.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

The salient feature(s) of franchising is/are____________.

  1. the franchiser allows the franchisee to use his trade mark under a license.

  2. the franchise agreement do not requires the franchisee to follow franchiser's policies regarding mode of operation of business as they are free to conduct business in any way they like.

  3. the franchiser do not provide training of personnel working in the franchisee organization or any other type of help.

  4. all of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Salient features of franchising are  

  1. Well established business.
  2. Needs limited investment. 
  3. Easy entry in new markets.
  4. Business has large establishments.
  5. Helps in diverting business risks.
  6. Results in a large turnover.
  7. Separates labor and specialization.
  8. Allows use of brand name and trademark.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Where a firm allows another firm in a foreign market to use its technical know-how and trade mark, it is known as _________.

  1. franchising

  2. network marketing

  3. indirect marketing

  4. all of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
  • Franchising is a term used in connection with the provision of services. McDonalds, for instance, operates fast food restaurants the world over through its franchising system.
  • Franchising is a “form of licensing in which a parent company (the franchiser) grants another independent entity (the franchisee) the right to do business in a prescribed manner. This right can take the form of selling the franchisers products, ‘using its name, production and marketing technique, or general business approach.” Donald W. Hackett
Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Which of the following can be treated as disadvantages of Franchising? 

  1. There is a danger that the franchisee may start an identical business with slightly different brand name.

  2. The franchiser's brand name and reputation may get tarnished if the franchisee is not able to maintain standards of quality and service.

  3. There is a risk of trade secrets getting leaked out in the foreign market.

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Disadvantages of Franchising are as follows:

  • When a franchisee becomes skilled in the manufacture and marketing of the franchised products, there is a danger that the licensee can start marketing an identical product under a slightly different brand name. This can cause severe competition to the franchiser.
  • If not maintained properly, trade secrets can get divulged to others in the foreign markets. Such lapses on the part of the franchisee can cause severe losses to the franchiser.
  • Over time, conflicts often develop between the franchiser and franchisee over issues such as maintenance of accounts, payment of royalty and non-adherence to norms relating to production of quality products.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

In line with a franchising agreement, a franchisee may use____________.

  1. geographic region exclusively

  2. patents, designs, trade secrets and business know-how

  3. trade marks copyright and trade secrets

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Because A Franchise Agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule.

Multiple choice organisation of commerce and management marketing mix branding and packaging marketing marketing management

_________ refers to the act of designing and producing the container or wrapper of a product.

  1. Trade Mark

  2. Brand Name

  3. Copyright

  4. Packaging
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Packaging is the technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and producing packages.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

Public documents conferring certain rights, privileges, titles or offices, is termed as.

  1. Brand names

  2. Copy right

  3. Trade Marks

  4. Patents
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A patent is a government-granted right that gives an inventor exclusive control over the manufacture, use, or sale of an invention for a specific period. It is a legal document conferring these rights.

Multiple choice commercial studies basic accounting terms basic accounting terminologies introduction to financial accounting and financial accounts basic accounting terminology meaning and features of balance sheet income-expenditure account meaning, importance and specimen of journal objectives, functions, and importance of accounting stages and functions of accounting qualitative characteristics, objectives and roles of accounting

Money value of the reputation of business is known as ______.

  1. Copyright

  2. Goodwill

  3. Patents

  4. Trademark
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Business goodwill is a key intangible asset that represents the portion of the business value that cannot be attributed to other business assets. The value of a company brand name, solid customer relations, good employee relations represent goodwill.