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Sovereign Patent Fund (SPF)

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Sovereign Patent Fund (SPF)

Consider the following statements about Sovereign Patent Fund (SPF):

It can develop domestic innovation ecosystem.
It will help in generating business based on the IP assets owned by Indian corporate.
SPF will mainly support the big corporate houses by making the software available at low cost.

Choose the correct answer from the code given below:

	A	1 only

	B	1 and 2 only

	C	1, 2 and 3

	D	2 and 3 only

Your Ans is

Right ans is B

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

SPF will mainly support the MSME sectors by making the software available at low cost. Therefore, statement 3 is incorrect.
Once the software/ hardware are available at s minimal price, the MSME sector will generate huge business with good productivity. So, statement 2 is correct.

Related Question

GI Tags In Tamil Nadu

Which of the following two products of Tamil Nadu, recently received the Geographical Indication(GI) tag?

	A	Dindigul locks and KandangiSarees

	B	KovaiKora Cotton Sarees and Arani Silk

	C	Salem Silk and Thanjavur Doll

	D	Sirumalai Hill Banana and Panchamirtham of PalaniMurugan Temple

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

The products - the Dindigul lock and the Kandangisaree,were given the GI tag by the Geographical Indications Registry in Chennai on 29^th August, 2019.
The Dindigul Lock, Hardware and Steel Furniture Workers Industrial Co-operative Society and Amrar Rajiv Gandhi Handloom Weavers Cooperative Production and Sales Society now have the exclusive rights over these products.

Dindigul Lock

The Dindigul locks are known throughout the world for their superior quality and durability. It is so famous that even the city is called Lock City.The abundance of iron in the region is the main reason for the growth of the lock-making industry.
The locks are made of iron and brass and are entirely handmade
There are over 50 varieties of locks including mango lock, trick lock, door lock, and bell lock among others. The most interesting ones are the Kolaikaranpootu (burglar lock) which is designed in a manner that a knife would come out if a wrong key is inserted.
Despite unique features, the lock industry for the last few years has been gradually dying due to stiff competition from Aligarh and Rajapalayam.

KandangiSaree

The famous bright-colouredKandangisaree, manufactured in Karaikuditaluk in Sivaganga district are spun by skilled weavers in the dimension 60 warp X 60 weft.
The main characteristic of the saree is its bright colours that hold strong.
The original Kandangisaree is manually made using a winding machine, loom, shuttle and bobbin.

Source: Civil Services Chronicle Online

Geographical Indication To Odisha's Rasagola

Recently, Odisha has been granted Geographical Indication (GI) tag for one of its famous sweet. What is the name of that sweet?

	A	Rasagola

	B	Chhena Poda

	C	Rasabali

	D	Chhena Gaja

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

On 29^th July, 2019, Odisha bagged the geographical indication (GI) tag for its “Odisha Rasagola”.
The formal certification was issued by Chennai-based GI registry on its website.
The GI tag for the same product from both the states will now be recognised by two distinct texture and taste.
While West Bengal claimed that the idea of this delicacy was conceived by Nobin Chandra Das (birth 1845) at his Bagbazar residence in Kolkata, Odisha locals cite that their rasagola dates back to the 12th century when these were being offered at the PuriJagannath Temple.

GI Tag

A GI refers to a name or distinctive sign that is used on a product i.e., usually owned collectively, and can be used to distinguish goods on the basis of its geographical origin and unique characteristics.
Also, the GI tag helps in marketing and branding of a local product, and can draw penalties if someone is found copying outside that geographical region.

Source: Civil Services Chronicle Online

Geographical Indication (GI) Tag

Recently, the Department for Promotion of Industry and Internal Trade granted Geographical Indication(GI) tag to certain products across the country.These products are-

Tawlhlohpuan
MizoPuanchei
Tirur betel vine

Choose the correct answer from the codes given below:

	A	1 and 2

	B	2 and 3

	C	1 and 3

	D	1, 2 and 3

Your Ans is

Right ans is D

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

The Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade hasrecenly registered 3 new GIs.These are:
Tawlhlohpuan:a medium to heavy, compactly woven, fabric of good quality from Mizoram is known for warp yarns, warping, weaving & intricate designs that are handmade.
MizoPuanchei:a colourfulMizo shawl/textile, from Mizoram, is regarded as the most colourful among the Mizo textiles. It is akey possession for every Mizo lady and also an important marriage outfit in the state.
Tirurbetel vine from Kerala: which is mainly cultivated in Tirur, Tanur, Tirurangadi, Kuttippuram, Malappuram and Vengara block panchayaths of Malappuram District, is valued both for its mild stimulant action and medicinal properties.

Source:Civil Services Chronicle Online

Geographical Indication

Which of the following are accorded with the Geographical Indication (GI) Status?

Pukhoor Embroidery
Wrangal Durries
Banarsi Pan

Choose the correct answer from the code given below:

	A	1 and 2 only

	B	2 and 3 only

	C	1, 2 and 3

	D	3 only

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Magahi Pan is accorded with the GI tag and not the Benarsi Pan.
Pukhoor is the hand embroidery craft of the Toda tribals that is mainly done by women. This embroidery of the tribe has also been accorded the Geographical Indicator tag.
Wrangal Durries too have got a GI Tag.

Geographical Indication

Consider the following products with its GI Tag of the state:

Products State

1. Kani Shawls Himachal Pradesh

2. Kadaknath Chattisgarh

3. Kinnal toys Kerala

Choose the correct answer from the code given below:

	A	1 only

	B	1 and 3 only

	C	1, 2 and 3

	D	None

Your Ans is

Right ans is D

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Explanation:

Products State

1. Kani shawls Jammu & Kashmir

2. Kadaknath Madhya Pradesh

3. Kinnal toys Karnataka

Geographical Indication

Consider the following statements about the GI Tag Status:

‘Invaluable Treasures of Incredible India’ is the tagline for Geographical Indications in India.
GI tag once given is valid for lifetime of the product.

Choose the correct answer from the code given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

‘Invaluable Treasures of Incredible India’ is the tagline for Geographical Indication in India. Ministry of Commerce had released the GI logo and tagline in August 2018.
This GI tag is valid for a period of 10 years following which it can be renewed.

Sirsi Supari

Consider the following statements:

Sirsi Supari is the first arecanut to get a GI tag status.
Sirsi Supari is grown in the state of Kerala.
Geographical Indications protection is granted through the TRIPS Agreement.

Choose the correct answer from the code given below:

	A	1 only

	B	1 and 3 only

	C	1, 2 and 3

	D	2 only

Your Ans is

Right ans is B

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Sirsi Supari is the first product from the arecanut sector to get a GI tag and it is grown in the state of Karnataka.

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