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Commerce · Q454

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 454

Q454

Consider the following statements. Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.

A.
Both (A) and (R) are true but, (R) is not correct explanation to (A)
B.
(A) is false, but (R) is correct
C.
Both (A) and (R) are true and (R) is correct explanation to (A)
Answer
D.
(A) is correct, but (R) is false

Answer: Option C

Solution

Answer: Option C
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