Which of the following statement(s) is/are correct about ‘Intellectual Property Rights’?

1. IP refers to creations of the mind that are used in commerce.

2. In India, a comprehensive law called the ‘Copyrights Act, 1957’ governs all forms of intellectual property rights.

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Which of the following statement(s) is/are correct about the ‘Advertising Standards Council of India’?

1. It is an autonomous organisation of the advertising industry in India that works under the Department of Consumer Affairs.

2. It is formed by the advertising industry in collaboration with the Quality Council of India.

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Which of the following statement(s) is/are correct about the concept of ‘herd immunity’?

1. It aims to immunise a large number of people against a disease to lower down the chances of others being infected by it.

2. Herd immunity as a means to achieve protection can only be used in case there is a vaccine available against the targeted disease.

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Which of the following statement(s) is/are correct about the ‘Suez Canal’?

1. It is an international commons route which is one of the world’s most heavily used shipping lanes.

2. Under the Convention of Constantinople, it may be used ‘in times of war as in time of peace by every vessel of commerce or of war, without distinction of flag’.

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Which of the following statement(s) is/are correct about the ‘AT-1 Bonds’?

1. These bonds are used by banks to bolster their core or tier-1 capital.

2. They are secured bonds having a perpetual tenure i.e. no maturity date.

3. They have call option which can be used by banks to buy these bonds back from investors.

4. The bond holders are liquid which means they can be redeemed by the investors after a certain period of time.

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