1. |
With reference to the relevant legal enactments, write short notes on any five of the following :
(i) | Industrial Entrepreneur Memorandum |
(ii) | Foreign security |
(iii) | Water pollution |
(iv) | Contents of complete specification |
(v) | International copyright |
(vi) | Objectives of the Competition Act, 2002 |
(vii) | Registered user. |
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(3 marks each) |
2. |
State, with reasons in brief, whether the following statements are true or false. Attempt any five :
(i) | All ‘inventions’ are patentable. |
(ii) | Competition kills competition. |
(iii) | A ‘trade practice’ does not include a single or isolated action of any person in relation to any trade. |
(iv) | The Monopolies and Restrictive Trade Practices Act, 1969 seeks to regulate ‘trade practices’ and not ‘trade’. |
(v) | The three-tier machinery for the redressal of consumer disputes and grievances under the Consumer Protection Act, 1986 is ‘quasi-judicial in nature’. |
(vi) | ‘Person resident of India’ is a person residing in India for more than 182 days during the preceding financial year. |
(vii) | A certification trade mark is a ‘trade mark’ under the Trade Marks Act, 1999. |
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(3 marks each) |
3. |
(a) |
Distinguish between any two of the following :
(i) | ‘Letter of intent’ and ‘industrial licence’. |
(ii) | ‘Intellectual property’ and ‘industrial property’. |
(iii) | ‘Political party’ and ‘an organisation of political nature’. |
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(5 marks each) |
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(b) |
Re–write the following sentences after filling–up the blank space with appropriate word(s) so as to convey the correct meaning :
(i) | Literary, dramatic, musical or artistic works enjoy copyright protection for _________ years after the death of the author. |
(ii) | The District Forum, the State Commission or the National Commission constituted under the Consumer Protection Act, 1986 shall not admit a complaint unless it is filed within _____ years from the date on which the cause of action has arisen. |
(iii) | Foreign contribution means the donation, delivery or transfer made by a foreign source of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed Rs. _________. |
(iv) | The Noise Pollution (Regulation and Control) Rules, 2000 provide that a loud speaker or a public address system shall not be used at night between ___________ except in closed premises. |
(v) | Any transaction, which alters the assets or liabilities including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of any person resident outside India, is defined as a _______________. |
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(1 mark each) |
4. |
(a) |
State whether the following transactions are valid and permitted under the Foreign Exchange Management (Current Account Transactions) Rules, 2000 :
(i) | An NRI sent a gift of US $6,000 to his younger sister on her marriage in June, 2006 and again sent another gift of US $4,000 on the occasion of marriage of his younger brother in November, 2006. |
(ii) | An Indian patient is in need of specialised medical treatment in a US hospital at a cost of US $1,25,000. |
(iii) | A student, after graduation, wants to proceed to USA for pursuing higher studies in an engineering course for which he requires US $1,25,000 per academic year, which is the estimate from the foreign university. |
(iv) | An Indian businessman wants to remit US $10,000 for purchase of a trade mark/ franchise in India. |
(v) | A company incorporated in India has to make a remittance of US $90,000 by way of reimbursement of pre-incorporation expenses. |
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(1 mark each) |
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(b) |
Explain the concept of ‘special economic zone’ (SEZ). |
(5 marks) |
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(c) |
Mention the important factors which the Competition Commission of India will take into consideration for determining whether an agreement has an ‘appreciable adverse effect’ on competition. |
(5 marks) |