The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
    • 1. Development of infrastructure facilities. 
    • 2. Promotion of investment from foreign sources.
    • 3. Promotion of exports of services only.
    Which of the above are the objectives of this Act ?

  • 1 and 2 only
  • 3 only
  • 2 and 3 only
  • 1,2 and 3

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In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a "Trade Mark" and a Geographical Indication is/are:
  • 1. A Trade Mark is an individual or a company's right whereas a Geographical Indication is a community's right. 
  • 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 
  • 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned   to the agricultural goods/products and handicrafts only. 
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Recently, there has been a concern over the short supply of a group of elements called 'rare earth
metals'. Why?
  • 1. China, which is the largest producer of these elements, has imposed some restrictions on their export.
  • 2. Other than China, Australia, Canada and Chile, these elements are not found in any country.
  • 3. Rare earth metals are essential for the manufacture of various kinds of electronic items and there is a growing demand for these elements.
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With reference to the guilds (Shreni) of ancient India that played a very important role in the country's
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  • 2. The wages, rules of work, standards and prices were fixed by the guild.
  • 3. The guild had judicial powers over its own members.
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The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, c
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